Specialty Grocery
For Sale
$15,500,000
5530 W University Dr., Prosper, TX 75078
Freestanding grocery development with an integrated restaurant and absolute NNN lease structure.
Property Size22,490 SF
Lot Size2.40 Acres
Days on Market10
Property Features for 5530 W University Dr.
General Information
Standard status
Active
Size
22,490 SF
Lot size
2.40 Acres
Property subtype
Retail
Net Operating Income
$899,600
Site & Location
Traffic Count
56,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
22,490 SF
Year Built
2026
Listing Agency:
Faris Lee Investments
(949) 633-1872
Listed By:
Tyler Strauss · License #CalDRE #02059923
(949) 633-1872
Source:
Farislee
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 2:32PM
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 Faris Lee Investments
Investment Insights
Based on property information with market context.
This freestanding specialty grocery property is identified as Hareli Fresh Market, an emerging regional grocery brand combining fresh-market retail with a full-service restaurant and additional amenities. The improvements are listed as brand new construction with a 2026 year built, and the offering includes the fee simple interest in both land and building.
The 2.4-acre site fronts US-380 in Prosper, Texas, adjacent to a new Costco and a Westside Development outparcel. Traffic on US-380 is reported at 56,000+ VPD, with TxDOT projects citing 100,00+ VPD on the corridor. The property is structured under an absolute NNN lease with a 15-year lease term and 8% rental increases every 5 years.
The 2.4-acre site fronts US-380 in Prosper, Texas, adjacent to a new Costco and a Westside Development outparcel. Traffic on US-380 is reported at 56,000+ VPD, with TxDOT projects citing 100,00+ VPD on the corridor. The property is structured under an absolute NNN lease with a 15-year lease term and 8% rental increases every 5 years.
Key Highlights
- Freestanding Hareli Fresh Market specialty grocery store with full‑service restaurant
- 2.4 acre site with frontage on US‑380
- Adjacent to a new Costco and Westside Development outparcel
Property Analytics
Current Use
Lease Details
56,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Longo Toyota Of Prosper
Shops & Services
5,992 visits/mo
0.2 miles
Prosper Ford
Shops & Services
4,759 visits/mo
0.3 miles
U-Haul
Shops & Services
2,265 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding grocery development with an integrated restaurant and absolute NNN lease structure.
Where is this nnn property located?
The property is located at 5530 W University Dr. Prosper, TX.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: Freestanding Hareli Fresh Market specialty grocery store with full‑service restaurant; 2.4 acre site with frontage on US‑380; Adjacent to a new Costco and Westside Development outparcel
