Five-Tenant Shopping Center with
2960 FM 720, Oak Point, TX 75068
For Sale
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Built in 2023, the retail center is fully leased under long-term NNN agreements and offers multiple access points.
Property Size10,877 SF
Price / SF$603.11
Days on Market42
Property Features for 2960 FM 720
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Drive-Thru
Anchor Co-Tenants
Traffic Count
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Summit RE
Listed By:
Jason Vitorino · License TX #512565
(469) 844-8884
Source:
Crexi
Added: Sep 30
Changed: Nov 9
Last Checked: Nov 9 at 2:07PM
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 Summit RE
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Investment Insights
Based on property information with market context.
Completed in 2023, this 10,877-square-foot shopping center has five tenants and a drive-through end-cap occupied by Starbucks. The property is 100% occupied, with long-term NNN leases. Multiple points of ingress and egress serve the center, which fronts FM 720 in Oak Point, Texas.
FM 720 carries more than 34,000 vehicles per day. The property is next to a planned national grocery chain and near 7-Eleven and McDonald’s locations. More than 1,000 homes are under construction nearby in the Wildridge Development and other master-planned communities. The five-mile radius has a population of 123,291.
FM 720 carries more than 34,000 vehicles per day. The property is next to a planned national grocery chain and near 7-Eleven and McDonald’s locations. More than 1,000 homes are under construction nearby in the Wildridge Development and other master-planned communities. The five-mile radius has a population of 123,291.
Key Highlights
- 10,877‑square‑foot center with five tenants
- Starbucks occupies a drive‑through end‑cap
- 100% occupied with long‑term NNN leases
Property Analytics
Who owns this building?
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Current Use
Lease Details
34,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
McDonald's
Dining
15,039 visits/mo
0.5 miles
Starbucks
Dining
7,410 visits/mo
0.5 miles
Demographics for 75068, TX
66,248
Population
23,499
Households
2.8
Avg Household Size
34
Median Age
43%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
2,374
Density / Sq Mi
$126,341
Median Household Income
$66,559
Median Earnings
$2,161
Median Rent
$386,300
Median Home Value
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Market
Properties on Market for Shopping centers in Denton County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Built in 2023, the retail center is fully leased under long-term NNN agreements and offers multiple access points.
Where is this shopping center located?
The property is located at 2960 FM 720 Oak Point, TX.
What is the asking price?
The asking price for this property is $6,560,000.
What are key features of this property?
This property features: 10,877‑square‑foot center with five tenants; Starbucks occupies a drive‑through end‑cap; 100% occupied with long‑term NNN leases
