409 E Princeton Dr Princeton, TX 75407

This commercial lease opportunity is located in Princeton, Texas, in Collin County, directly off US 380-Princeton Dr. Princeton has experienced rapid growth, more than doubling its population in recent years. In 2024, the city had 37,019 residents, with an average household income of $107,221 and a median age of 33.2. Projections estimate that Princeton could reach 2.4 million residents by 2050. The location offers visibility along US 380 with 265.34 linear feet of frontage and is surrounded by major retailers and services, including Walmart Supercenter, CVS, Ace Hardware, USPS, FedEx, Sonic, AutoZone, McDonald's, 7-Eleven, U-Haul, and Princeton City Hall. Vehicle per day (VPD) is between 30,324 and 33,450. There are two buildings available, one at 2,112 SF and another at 3,520 SF, with ample parking and easy access via Highway 5, Hwy 121, I-75, and US 380. The property also includes an unimproved lot measuring 0.48 acres, contributing to a total lot size of 1.09 acres. Future expansions, including the US 380 Bypass, will reroute heavy traffic and reduce congestion. The property is 48 miles from DFW Airport, 43 miles to Dallas Love Field, 41 miles to downtown Dallas, and 9.2 miles to McKinney National Airport (TKI). The base rent starts at $10-$15 per SF per year, with a triple NNN fee of $3 per SF per year. Lease terms are negotiable, and the two parcels can be considered a single or multiple-tenant opportunity. The buildings will require rehabilitation to unlock their full potential.