PetSmart NNN Retail
For Sale
Contact for pricing
Pending
3545 South Preston Road, Celina, TX 75009
Newly constructed standalone retail space with a long-term NNN lease structure and multiple renewal options.
Property Size16,338 SF
Lot Size1.85 Acres
Days on Market56
Property Features for 3545 South Preston Road
General Information
Standard status
Pending
Size
16,338 SF
Total Parking Spaces
98
Lot size
1.85 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$359,436
Additional Details
Anchor Co-Tenants
Costco
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - San Diego, California
Listed By:
Ryan Gomez · License #CA: 01753933
Source:
Crexi
Added: Aug 25
Changed: Oct 4
Last Checked: Oct 16 at 9:14AM
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 Cushman & Wakefield - San Diego, California
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 16,338-square-foot PetSmart property occupies 1.85 acres and was constructed in 2026. The store is projected to open in Q1 2027 and is supported by a 10-year NNN lease with four 5-year renewal options.
The property is located at 3545 South Preston Road in Celina, Texas, within The Village at Ownsby Farms. The broader retail district spans more than 77 acres and includes Lowe’s and EOS, with Home Depot, Costco, and Costco Gasoline also identified among the surrounding anchors. The site is across the street from Jefferson Ownsby and Prose Ownsby Farms, two Class A multifamily communities totaling 850 units.
Additional nearby retail tenants include Target, Walmart Supercenter, Hobby Lobby, Dick’s Sporting Goods, and Kohl’s. The property is also surrounded by eight master-planned communities within a 10-mile radius, representing more than 8,000 acres combined.
The property is located at 3545 South Preston Road in Celina, Texas, within The Village at Ownsby Farms. The broader retail district spans more than 77 acres and includes Lowe’s and EOS, with Home Depot, Costco, and Costco Gasoline also identified among the surrounding anchors. The site is across the street from Jefferson Ownsby and Prose Ownsby Farms, two Class A multifamily communities totaling 850 units.
Additional nearby retail tenants include Target, Walmart Supercenter, Hobby Lobby, Dick’s Sporting Goods, and Kohl’s. The property is also surrounded by eight master-planned communities within a 10-mile radius, representing more than 8,000 acres combined.
Key Highlights
- 16,338‑square‑foot PetSmart property on 1.85 acres
- 2026 construction with projected Q1 2027 opening
- 10‑year NNN lease with four 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,886
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,257,720
$5.3M
Cap Rate 7%
$3,755,514
$3.8M
Cap Rate 9%
$2,920,956
$2.9M
Market Conditions
NOI Build-Up for 16,338 SF
Gross rent
$394.1K $24.12/SF
− Vacancy
−$18.5K −$1.13/SF
EGI
$375.6K $22.99/SF
− OpEx
−$112.7K −$6.90/SF
NOI
$262.9K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,257,720
Cap Rate 7%
$3,755,514
Cap Rate 9%
$2,920,956
Alternative Uses
Best Use
Retail
$3.76M
$3.29M – $4.38M
NOI $262,886 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$16.23M
$14.21M – $18.94M
NOI $1,136,411 @ 7.0% cap · market cap 19.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 75009, TX
21,276
Population
9,943
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
96%
High-School Grad
98.7 sq mi
ZIP Area
216
Density / Sq Mi
$166,064
Median Household Income
$70,683
Median Earnings
$2,134
Median Rent
$471,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed standalone retail space with a long-term NNN lease structure and multiple renewal options.
Where is this nnn property located?
The property is located at 3545 South Preston Road Celina, TX.
What is the asking price?
The asking price for this property is $5,751,000.
What are key features of this property?
This property features: 16,338‑square‑foot PetSmart property on 1.85 acres; 2026 construction with projected Q1 2027 opening; 10‑year NNN lease with four 5‑year renewal options
