Stabilized Shopping Center With Development
For Sale
Contact for pricing
111 South Preston Road, Prosper, TX 75078
Fully leased center includes three separately platted parcels for future commercial development.
Property Size37,730 SF
Days on Market12
Property Features for 111 South Preston Road
General Information
Standard status
Active
Size
37,730 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Land
Land Use
commercial, retail
Entitled
Yes
Additional Details
Road Access
Yes
Building Details
Units
15
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5225
Listed By:
Philip Levy · License #TX 522087
Source:
Crexi
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 22 at 12:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This fully leased shopping center is paired with three separately platted development parcels that can be acquired together or individually. The property combines an operating retail center with additional commercial land, offering multiple ownership and development structures, including parcel sales, ground leases, or new construction.
The site is located at 111 South Preston Road in Prosper, along SH-289 near U.S. Highway 380. The center serves a diversified tenant base spanning medical, healthcare, education, restaurant, and neighborhood service uses. The surrounding area includes the PGA of America Headquarters, Fields mixed-use development, Universal Kids Resort, Omni PGA Resort, expanding retail corridors, and growing school districts.
The site is located at 111 South Preston Road in Prosper, along SH-289 near U.S. Highway 380. The center serves a diversified tenant base spanning medical, healthcare, education, restaurant, and neighborhood service uses. The surrounding area includes the PGA of America Headquarters, Fields mixed-use development, Universal Kids Resort, Omni PGA Resort, expanding retail corridors, and growing school districts.
Key Highlights
- 100% leased shopping center with a diversified essential‑service tenant mix
- Three separately platted development parcels available together or individually
- Located along SH‑289 near U.S. Highway 380
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Home Improvements & Furnishings 1%
SONIC Drive In
Dining
12,485 visits/mo
0.0 miles
Mobil
Shops & Services
11,191 visits/mo
0.3 miles
Andy's Frozen Custard
Dining
9,406 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,922 visits/mo
0.3 miles
Crumbl Cookies
Dining
5,923 visits/mo
0.2 miles
Demographics for 75078, TX
38,980
Population
14,409
Households
2.7
Avg Household Size
34
Median Age
63%
College-Educated
97%
High-School Grad
31.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$187,634
Median Household Income
$82,714
Median Earnings
$2,284
Median Rent
$650,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased center includes three separately platted parcels for future commercial development.
Where is this shopping center located?
The property is located at 111 South Preston Road Prosper, TX.
What are key features of this property?
This property features: 100% leased shopping center with a diversified essential‑service tenant mix; Three separately platted development parcels available together or individually; Located along SH‑289 near U.S. Highway 380
