New Retail Strip with
For Lease
Contact for pricing
1501 W Princeton Dr, Princeton, TX
Class A retail strip with drive-thru in fastest growing city.
Property Size11,266 SF
Lot Size2.30 Acres
Days on Market247
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 Agency:
STRIVE
(469) 844-8030
Listed By:
Hudson Lambert
(469) 844-8030
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: May 20 at 8:48PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 39%
Home Improvements & Furnishings 14%
QuikTrip
Shops & Services
25,128 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
8,237 visits/mo
0.2 miles
Freddy's Frozen Custard & Steakburgers
Dining
6,136 visits/mo
0.5 miles
Dunkin' Donuts
Dining
5,419 visits/mo
0.4 miles
Scooter's Coffee
Dining
3,687 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 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
