1501 W Princeton Dr Princeton, TX
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Class A retail strip with drive-thru in fastest growing city.
Type:RETAIL
Property size:
11,266 SFLot size:
2.30 AcresPrice / SF:
$509/SF- Added:
- Sep 5, 2025
- Days on Market:
- 235
- Last Refresh:
- Apr 5 at 9:15 pm
Property Features for 1501 W Princeton Dr
General Information
- Standard status
- Active
- Size
- 11,266 SF
- Lot size
- 2.30 Acres
- Property subtype
- RETAIL
Listing agent Hudson Lambert (469) 844-8030
Listing office STRIVE (469) 844-8030
Listing date Sep 5, 2025
Source Moodyscre
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 STRIVE
Overview
New Retail Strip with Drive-Thru
This is a Class A retail strip constructed in 2023, featuring a drive-thru end cap. The property is 100% occupied with long-term NNN leases and a complementary mix of national and local tenants. The current rent is below market at $30 per square foot, which is 25–30% below market rates. New product fronting Highway 380 in Princeton is leasing at $40-$45 per square foot. There is upside potential via rental growth, with over 51% of the gross leasable area (GLA) containing fair market value (FMV) options and 100% of the GLA containing built-in escalations in the primary term. The property has prime visibility along the US 380 corridor, with over 40,000 vehicles passing by daily. Located in the fastest-growing city in the U.S., the property benefits from strong demographics, including an average household income (AHHI) of over $99,000 within a 1-mile radius, which is well above the national average. It is adjacent to the Village of Princeton and Princeton Town Center, a 500,000 square foot retail development that will be the future home of Market Street, Lowe’s Home Improvement, Hobby Lobby, TJ Maxx, PetSmart, and several other national anchors. The property size is 11266 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
380 Smoke N ...
(Bike/Boat/Book/etc) Store
Tropical Smoothie Cafe
Restaurant
Pizza Hut
Take-out & Catering
Modern Nail Bar
Nail Salon
HOTWORX - Princeton, TX ...
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.5193
- Latitude
- 33.1769
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Class A retail strip with drive-thru in fastest growing city.
Where is this strip mall located?
The property is located at 1501 W Princeton Dr Princeton, TX.
What is the asking price?
The asking price for this property is $5,735,000.
What are key features of this property?
This property features: 100% Occupancy with Long Term NNN Leases & Complementary Mix of National & Local Tenants; Below Market Rent at $30/SF – Rent is 25–30% Below Market; Upside Potential via Rental Growth with FMV Options & Built‑in Escalations
