Multi-Tenant Retail
2810 W First St Prosper, TX 75078
2810 W First St, Prosper, TX, 75078
$4,200,000
For Sale
$4,200,000
Modern multi-tenant retail center built in 2020 with triple-net leases and established service-focused tenants.
Property Size9,767 SF
Lot Size1.16 Acres
Price / SF$430.02
Days on Market111
Property Features for 2810 W First St
General Information
- Standard status
- Active
- Size
- 9,767 SF
- Lot size
- 1.16 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2020
Listing agency
Dallas Office
(972) 755-5225
Listed by
Philip Levy · License #TX: 0522087
(972) 755-5225
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 22 at 12:04AM Checked: Jul 22 at 12:04AM
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 Dallas Office
Investment Insights
Based on property information with market context.
This multi-tenant retail center spans 9,767 square feet on a 1.16-acre parcel and was constructed in 2020. The building is currently leased on triple-net terms and includes a tenant mix anchored by Parkview Dental, Peak Physical Therapy, and Best Brains Learning Center.
The property is located along West First Street in Prosper, Texas, just north of US Highway 380 and adjacent to the Dallas North Tollway. It is positioned near major demand generators, including the PGA of America Headquarters and the Omni Resort.
The center is also near the planned Universal Kids Resort, a 97-acre theme park and hotel project currently under development east of the Dallas North Tollway and north of Panther Creek Parkway, with a planned opening in 2026.
The property is located along West First Street in Prosper, Texas, just north of US Highway 380 and adjacent to the Dallas North Tollway. It is positioned near major demand generators, including the PGA of America Headquarters and the Omni Resort.
The center is also near the planned Universal Kids Resort, a 97-acre theme park and hotel project currently under development east of the Dallas North Tollway and north of Panther Creek Parkway, with a planned opening in 2026.
Key Highlights
- 9,767 SF multi‑tenant retail center built in 2020 on a ±1.16‑acre parcel in Prosper, TX
- All leases are triple‑net (NNN) terms
- Tenants include Parkview Dental, Peak Physical Therapy, and Best Brains Learning Center
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $235.6k | $24.12 |
| − Vacancy | −$11.1k | −$1.13 |
| EGI | $224.5k | $22.99 |
| − OpEx | −$67.4k | −$6.90 |
| NOI | $157.2k | $16.09 |
9,767 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.25M
$1.96M – $2.62M
NOI $157,155 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$9.71M
$8.49M – $11.32M
NOI $679,356 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Peak Physical Therapy
Medical Clinic
Parkview Dental
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Modern multi-tenant retail center built in 2020 with triple-net leases and established service-focused tenants.
Where is this strip mall located?
The property is located at 2810 W First St Prosper, TX.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 9,767 SF multi‑tenant retail center built in 2020 on a ±1.16‑acre parcel in Prosper, TX; All leases are triple‑net (NNN) terms; Tenants include Parkview Dental, Peak Physical Therapy, and Best Brains Learning Center
