Class A Mixed-Use
For Sale
Contact for pricing
129 N Collins Rd, Sunnyvale, TX 14111
Built in 2019, this 100% occupied mixed-use property combines retail, medical, and office tenants.
Property Size23,668 SF
Price / SF$410.89
Days on Market108
Property Features for 129 N Collins Rd
General Information
Standard status
Active
Size
23,668 SF
Class
A
Property subtype
Retail, Office, Mixed Use
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$679,302
Building Details
Year Built
2019
Tenancy
Multi
Listing Agency:
Summit RE
Listed By:
Jason Vitorino · License #TX 512565
(469) 844-8884
Source:
Crexi
Added: Jul 7
Changed: Oct 21
Last Checked: Oct 20 at 7:53PM
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 Summit RE
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Investment Insights
Based on property information with market context.
Sunnyvale Park Square is an institutional-quality Class “A” mixed-use development built in 2019. The property is 100% occupied and features a diverse tenant mix that includes retail, medical, and general office users. Leasing structure is predominantly NNN with limited landlord responsibilities and stable operations. A professionally designed courtyard amenity area supports tenant experience and includes the ability to generate additional income through events.
The development offers convenient regional access with nearby connections to HWY 80, Interstate 635, and Interstate 30. It is surrounded by major national retailers including Chick-fil-A, Whataburger, Starbucks, Tom Thumb, Panda Express, and other daily-traffic drivers, supporting an active cross-traffic environment across the center.
Sunnyvale Park Square is located at 129 N Collins Rd in Sunnyvale, Texas.
The development offers convenient regional access with nearby connections to HWY 80, Interstate 635, and Interstate 30. It is surrounded by major national retailers including Chick-fil-A, Whataburger, Starbucks, Tom Thumb, Panda Express, and other daily-traffic drivers, supporting an active cross-traffic environment across the center.
Sunnyvale Park Square is located at 129 N Collins Rd in Sunnyvale, Texas.
Key Highlights
- Built in 2019 Class A mixed‑use development in Sunnyvale, TX
- 100% occupied asset with a tenant mix of retail, medical, and general office users
- Predominantly NNN lease structures with limited landlord responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$392,851
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,857,020
$7.9M
Cap Rate 7%
$5,612,157
$5.6M
Cap Rate 9%
$4,365,011
$4.4M
Market Conditions
NOI Build-Up for 23,668 SF
Gross rent
$590.8K $24.96/SF
− Vacancy
−$29.5K −$1.25/SF
EGI
$561.2K $23.71/SF
− OpEx
−$168.4K −$7.11/SF
NOI
$392.9K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,857,020
Cap Rate 7%
$5,612,157
Cap Rate 9%
$4,365,011
Alternative Uses
Best Use
Retail
$5.61M
$4.91M – $6.55M
NOI $392,851 @ 7.0% cap · market cap 4.04%
Second Best
Mixed Use
$5.28M
$4.62M – $6.16M
NOI $369,682 @ 7.0% cap · market cap 3.80%
Theoretical Best
Multifamily LT 5
$283.70M
$248.24M – $330.98M
NOI $19,859,002 @ 7.0% cap · market cap 204.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
134
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 2019, this 100% occupied mixed-use property combines retail, medical, and office tenants.
Where is this mixed-use property located?
The property is located at 129 N Collins Rd Sunnyvale, TX.
What is the asking price?
The asking price for this property is $9,725,000.
What are key features of this property?
This property features: Built in 2019 Class A mixed‑use development in Sunnyvale, TX; 100% occupied asset with a tenant mix of retail, medical, and general office users; Predominantly NNN lease structures with limited landlord responsibilities
