NNN-Leased Parking
New
For Sale
$3,491,000
3899-3875 W Frontier Pkwy, Prosper, TX 75078
The site is occupied by 7-Eleven under a net lease that assigns routine property costs and upkeep to the tenant.
Property Size71,003 SF
Days on Market7
Property Features for 3899-3875 W Frontier Pkwy
General Information
Standard status
Active
Size
71,003 SF
Property subtype
Retail
Zoning
R - Retail/Commercial
Occupancy
100%
Building Details
Building Size
71,003 SF
Year Built
2024
Tenancy
Single
Listing Agency:
Logic Commercial Real Estate | Las Vegas
Listed By:
Michael Kaplan
(808) 377-0765
Source:
Srsre
Added: Sep 30
Last Checked: Oct 5 at 2:59PM
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 Logic Commercial Real Estate | Las Vegas
Investment Insights
Based on property information with market context.
This 2024 parking lot is leased to 7-Eleven, with the offering conveying the landowner’s interest. The net lease has more than 14 years remaining and includes four 5-year extension options. Contractual rent adjustments are 7.50% every 5 years during the initial term and in the fifth year of each option period. The tenant covers CAM, taxes and insurance and is responsible for maintaining the premises.
The property is part of Victory Shops at Frontier Parkway, where current tenants include Lifetime Fitness, Jersey Mike’s, Dunkin’ and CityVet. Nearby retail context includes a development anchored by H-E-B, located less than 2 miles away, as well as several planned commercial projects across from the site. Prosper High School is also nearby, with a student population exceeding 3,400. The zoning designation is R - Retail/Commercial.
The property is part of Victory Shops at Frontier Parkway, where current tenants include Lifetime Fitness, Jersey Mike’s, Dunkin’ and CityVet. Nearby retail context includes a development anchored by H-E-B, located less than 2 miles away, as well as several planned commercial projects across from the site. Prosper High School is also nearby, with a student population exceeding 3,400. The zoning designation is R - Retail/Commercial.
Key Highlights
- 7‑Eleven lease has 14+ years remaining
- Four 5‑year option periods
- 7.50% rent increases every 5 years during the initial term and in the fifth year of each option period
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75078, TX
38,980
Population
14,409
Households
2.7
Avg Household Size
34
Median Age
63%
College-Educated
97%
High-School Grad
31.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$187,634
Median Household Income
$82,714
Median Earnings
$2,284
Median Rent
$650,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - The site is occupied by 7-Eleven under a net lease that assigns routine property costs and upkeep to the tenant.
Where is this parking lot & garage located?
The property is located at 3899-3875 W Frontier Pkwy Prosper, TX.
What is the asking price?
The asking price for this property is $3,491,000.
What are key features of this property?
This property features: 7‑Eleven lease has 14+ years remaining; Four 5‑year option periods; 7.50% rent increases every 5 years during the initial term and in the fifth year of each option period
