Overview
Stabilized Retail Center For Sale
This stabilized retail center is located at the southwest corner of Highway 380 and Coit Road, offering visibility to over 51,000 vehicles per day. Situated on the corner of three of the fastest-growing cities in the US—Frisco, McKinney, and Prosper, TX—the property benefits from its location on Highway 380, the most trafficked east/west thoroughfare in North Dallas Fort Worth. Constructed in 2023, the property includes a pad site leased to a high-performing Planet Fitness. The property features long-term NNN leases with built-in rental escalations in the primary lease terms. The tenant mix includes a variety of national, regional, and local businesses. The average household income in a 3-mile radius exceeds $154,000, which is more than twice the national average. The surrounding area is experiencing rapid growth, with an annual population increase of 12.2% in a 1-mile radius since 2010. The property is located minutes from the PGA's new headquarters and Fields Development, a $10 billion mixed-use project. Nearby national retailers include Walmart Supercenter, Kroger, Chick-fil-A, Starbucks, McDonald’s, CVS, Walgreens, Chase Bank, Dunkin’ Donuts, The UPS Store, LA Fitness, FedEx, Smoothie King, Sonic, and Jack in the Box. Frisco is home to several corporate headquarters, including Dallas Cowboys, Bank of America, PepsiCo, McAfee, Toyota, PGA, Frito-Lay, Hewlett Packard, Capital One Intuit, and FedEx. The property contains 15,158 square feet.
