1501 W Princeton Dr, Princeton, TX

Listing agent Hudson Lambert Show Phone

Listing office STRIVE Show Phone

Listing date Sep 5, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Real Estate Agency Spa & Massage Center Restaurant Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Accounting Firm Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Princeton

County

Collin

State

Texas

Longitude

-96.5193

Latitude

33.1769

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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