Class A Mixed-Use
129 N Collins Rd Sunnyvale, TX 14111
For Sale
Contact for pricing
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 Market17
Property Features for 129 N Collins Rd
General Information
- Standard status
- Active
- Size
- 23,668 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2019
Listing Agency:
Summit Real Estate
(469) 844-8884
Listed By:
Jason Vitorino · License #TX 512565
Source:
Crexi
Added: Jul 7
Changed: Jul 22
Last Checked: Jul 22 at 6:26AM
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 Real Estate
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $590.8k | $24.96 |
| − Vacancy | −$29.5k | −$1.25 |
| EGI | $561.2k | $23.71 |
| − OpEx | −$168.4k | −$7.11 |
| NOI | $392.9k | $16.60 |
23,668 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
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
