555 S Preston Rd - Restaurant FOR SALE


Celina, TX 75009
$4,512,000 USD
214-335-4068
555 S Preston Rd, Celina, TX for Sale
$4,512,000 USD
Restaurant - FOR SALE
1/4
null | 5.85% Cap Rate

555 S Preston Rd
Celina, TX 75009


HIGHLIGHTS

  • New Construction Retail Center in the Booming Affluent North Dallas Submarket of Celina, TX
  • Average Base Lease Expiration of January 2030 with all Three (3) Tenants Experiencing Built in Annual Rent Escalations
  • Rents Average $33.04 PSF NNN
  • Average Household Income Exceeds $118,500 & $154,200 in One- & Three-Mile Radii, Respectively
  • Population Increased by Over 1,034% Since 2000 in One Mile Radius
  • Celina Named “Fastest Growing City” by Business Insider in June of 2024

OVERVIEW

Prestige Plaza of Celina II is a new construction 7,990 SF retail asset located on Preston Road in the affluent and booming submarket of Celina, Texas. The Property is situated on 0.90 acres within an architecturally engaging mixed use shopping plaza with a complimentary mix of restaurant, retail and medical office tenants anchored by The Depot Luxury Apartments (336 Units). Prestige Plaza of Celina is 100% leased to a favorable tenant line up of Langan Engineering, Pro Black Belt Academy and Kumon with an average base lease expiration of January 2030. Rents average $33.04 PSF NNN with comparable new construction retail space quoting $40.00+ PSF NNN. All three (3) tenants experience annual rent escalations throughout their primary term. Prestige Plaza of Celina II benefits from full masonry construction, shallow bay depth, a greenspace courtyard for Langan Engineering and dual storefronts for all three (3) tenants allowing suite access from either side of the building. Notable national retailers in the area include Kroger, Brookshire Brothers, Chase Bank, Tractor Supply, UPS, Starbucks, Exxon and Subway amongst others.

FOR SALE DETAILS

PRICE

$4,512,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prestige Plaza of Celina

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Commercial

APN/PARCEL ID

R962701

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.