Built-Out Dessert Restaurant
New
For Lease
$5,900/Mo
11700 FM 423, Little Elm, TX 75068
CommercialLease, Little Elm, TX
Space Size1,444 SF
Lot Size3.37 Acres
Days on Market5
Property Features for 11700 FM 423
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
Retail
Parking features
Open
Subdivision
Shops at Panther Creek
Directions
Please use google map
Standard status
Active
APN
1049608
Size
1,444 SF
Lot size
3.37 Acres
Additional Details
Second-Generation Restaurant
Yes
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Brick, SteelSiding, WoodSiding
Listing Agency:
iDream Realty LLC
Listed By:
Shekar Kasturi Raja
(972) 822-1445
Added: Oct 25
Changed: Oct 29
Last Checked: Oct 29 at 2:06PM
MLS# 21420308
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Investment Insights
Based on property information with market context.
This 1,444-square-foot restaurant space is configured for food service, with a finished dining area, service counter, restroom, and equipment, furniture, and fixtures in place. The suite is located within Shops at Panther Creek, a retail center built in 2024, and includes tile flooring, central heating and air conditioning, and access to public water and sewer.
The storefront faces FM 423 in Little Elm. Outdoor patio seating is licensed in front of the space, subject to landlord approval, and the center provides shared surface parking. The remaining lease term runs through February 2030; assignment or sublease is subject to landlord approval of the incoming tenant’s use and financials. The operating business, including its furniture, fixtures, and equipment, is also available for purchase.
The storefront faces FM 423 in Little Elm. Outdoor patio seating is licensed in front of the space, subject to landlord approval, and the center provides shared surface parking. The remaining lease term runs through February 2030; assignment or sublease is subject to landlord approval of the incoming tenant’s use and financials. The operating business, including its furniture, fixtures, and equipment, is also available for purchase.
Key Highlights
- 1,444 square feet configured for food service
- Finished dining area, service counter, and restroom
- Equipment, furniture, and fixtures are in place
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$7.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
Circle K
Shops & Services
11,016 visits/mo
0.2 miles
SONIC Drive In
Dining
9,617 visits/mo
0.3 miles
Discount Tire Store
Shops & Services
7,816 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,640 visits/mo
0.4 miles
CubeSmart Self Storage
Shops & Services
3,118 visits/mo
0.3 miles
Demographics for 75068, TX
66,248
Population
23,499
Households
2.8
Avg Household Size
34
Median Age
43%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
2,374
Density / Sq Mi
$126,341
Median Household Income
$66,559
Median Earnings
$2,161
Median Rent
$386,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing dining, service, and food-service equipment support a range of dessert and beverage concepts.
Where is this conventional restaurant located?
The property is located at 11700 FM 423 Little Elm, TX.
What is the lease rate?
The lease rate is $5,900/Mo.
What are key features of this property?
This property features: 1,444 square feet configured for food service; Finished dining area, service counter, and restroom; Equipment, furniture, and fixtures are in place
