Overview
Frisco Retail Center For Sale
This 9,292 square foot retail center, constructed in 2022, is located in Frisco, TX. The property is 100% leased to four tenants with an average lease term expiration in September 2032. The tenant mix includes Clutch City Cluckers, Water Bear Crossfit, Shinestar Dental Care, and Hala Restaurant & Lounge, all of whom are experiencing rent bumps during their primary lease terms. The average rent is $33.54 per square foot NNN. The property is positioned at the intersection of Custer Rd and Rolater Rd, which sees over 58,000 combined vehicles per day, and is in proximity to Highway 121, which sees over 163,200 vehicles per day. The location is within a dense retail corridor with over 2.2 million square feet of retail GLA in a 2-mile radius and over 150,000 square feet under construction nearby. National retailers in the area include Walmart, Target, Ross Dress for Less, Five Below, PetSmart, Lowe’s Home Improvement, Starbucks, Chick Fil A, and McDonald’s. The property is adjacent to Desi Chowrastha Grocery and features modern architecture, a highly visible 2-sided monument sign, and multiple ingress/egress points of access. It is located on the border of the Frisco and McKinney submarkets, with average household incomes exceeding $218,200 and $197,400 in a 1- and 3-mile radii, respectively. The population has grown 529% since 2000 in a 3-mile radius. The property is adjacent to The Grove, which features approximately 2,000 single-family lots with homes priced from $478,000 to $870,000, Hunters Creek, which features 850 homes with a median list price of $714,000, and Richwoods, which features 1,600 homes with a median list price of $1,098,000. It is also near TPC Craig Ranch, an 18-hole, par-72, 7,438-yard golf course that is home to the CJ Cup Byron Nelson Tournament, and across from Liberty High School of Frisco, which has over 2,080 students. Notable Frisco developments include PGA Headquarters, a $550 million development across 600+ acres, The Star, a $2 billion+ headquarters of the Dallas Cowboys, and The Mix, a $3 billion master-planned development over 112 acres.
