Leased Retail Property with Long-Term
1650 W Princeton Dr Princeton, TX 75407
For Sale
Contact for pricing
Leased retail property in Princeton, TX with a 15-year term and corporate guaranty.
Days on Market105
Property Features for 1650 W Princeton Dr
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3100
Listed By:
Phil Sambazis · License #01474991
Source:
Crexi
Added: Apr 10
Changed: Jul 20
Last Checked: Jul 23 at 4:48AM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This leased retail property is described as having brand new 2017 upgraded construction. The offering highlights a 15-year lease structure with 5% increases every five years and a corporate guaranty. The remarks also cite $6.2 billion in revenue and 1,500 locations for the guarantor.
The property is positioned about 30 miles northeast of Dallas, with DFW International Airport approximately 38 miles away. The retail site is described as highly visible along a major artery carrying about 29,000 cars per day, and the trade area is described as supporting 73,586 residents. The remarks further reference rapid local growth, including 134% population growth between 2000 and 2014 and 59% growth by 2020.
Retail draw in the surrounding area is supported in the remarks by nearby residential and retail development, including the Cypress Bend subdivision with 495 new single-family homes across from the property and proposed construction for 10,000 homes. The site is described as minutes to Whitewing Trails, a new 860-acre master-planned community with 2,800 homes, and down the street from a new 24-hour Walmart supercenter. The remarks also note proximity to K-12 schools serving approximately 4,093 students.
The property is positioned about 30 miles northeast of Dallas, with DFW International Airport approximately 38 miles away. The retail site is described as highly visible along a major artery carrying about 29,000 cars per day, and the trade area is described as supporting 73,586 residents. The remarks further reference rapid local growth, including 134% population growth between 2000 and 2014 and 59% growth by 2020.
Retail draw in the surrounding area is supported in the remarks by nearby residential and retail development, including the Cypress Bend subdivision with 495 new single-family homes across from the property and proposed construction for 10,000 homes. The site is described as minutes to Whitewing Trails, a new 860-acre master-planned community with 2,800 homes, and down the street from a new 24-hour Walmart supercenter. The remarks also note proximity to K-12 schools serving approximately 4,093 students.
Key Highlights
- Leased retail property in Princeton, TX with a 15‑year lease term and corporate guaranty
- Brand new 2017 upgraded construction
- Lease includes 5% increases every 5 years
Property Analytics
Location Intelligence
Current Use by Public Records
Tractor Supply Co.
Pet Store & Service
FAQs
What type of property is this?
Retail space - Leased retail property in Princeton, TX with a 15-year term and corporate guaranty.
Where is this retail space located?
The property is located at 1650 W Princeton Dr Princeton, TX.
What are key features of this property?
This property features: Leased retail property in Princeton, TX with a 15‑year lease term and corporate guaranty; Brand new 2017 upgraded construction; Lease includes 5% increases every 5 years
