Eldorado Pky & Teel Pky - Storefront FOR SALE


Frisco, TX 75033
$21,726,000 USD
214-960-2835
Eldorado Pky & Teel Pky, Frisco, TX for Sale
$21,726,000 USD
Storefront - FOR SALE
1/5
null | 6% Cap Rate

Eldorado Pky & Teel Pky
Frisco, TX 75033


HIGHLIGHTS

  • 100% Leased Sprouts Farmers Market Shadow Anchored Shopping Center in the High-Growth, Affluent Northern DFW Submarket of Frisco, TX
  • Average Rents of $34.11 PSF NNN while Comparable Retail Space in the Area is Leasing in the High $30’s to Low $40’s PSF NNN
  • Average Household Income Exceeds $234,600, $185,000 and $172,712 within a 1, 3 & 5-Mile Radii, Respectively
  • Adjacent Sprouts Ranks in Top 5 for Visits Among Texas Locations (Placer.ai)
  • 52,500+ VPD at the Intersection of Eldorado Parkway & Teel Parkway
  • Population Growth of Over 3,700% Since 2000 in a 3-Mile Radius

OVERVIEW

West Towne Center is a 37,772 square foot shopping center shadow anchored by Sprouts Farmers Market located in the affluent, high-growth DFW submarket of Frisco, Texas. Situated at the signalized intersection of Eldorado Parkway and Teel Parkway, the Property is thirty minutes north of Downtown Dallas in the highly-desirable and affluent, west Frisco submarket. West Towne Center is 100% leased to a complementary mix of retail, service and restaurant tenants including Pet Supplies Plus, Club Pilates, Emler Swim School, Grand Lux Nail Salon, Office Hub, Frisco Vet Care and Avive Life, among others. Built in 2016 the Property is a 5.27-acre parcel with frontage to Eldorado Parkway, and serves as a primary destination for surrounding neighborhoods.

FOR SALE DETAILS

PRICE

$21,726,000 USD

PRICE/SF

$1,940 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Towne Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

5.27 AC

LAND SF

229,561 SF

ZONING

-

APN/PARCEL ID

R338677

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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