NNN Retail Value-Add
850 West Eldorado Parkway Little Elm, TX 75068
For Sale
Contact for pricing
NNN retail shopping center with multiple tenants and annual rent escalations, featuring meaningful vacancy for lease-up.
Property Size16,420 SF
Price / SF$282.52
Days on Market11
Property Features for 850 West Eldorado Parkway
General Information
- Standard status
- Active
- Size
- 16,420 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing Agency:
DUWEST
(469) 601-0311
Listed By:
Will Walters · License #TX 596941
Source:
Crexi
Added: Jul 13
Changed: Jul 23
Last Checked: Jul 23 at 6:03PM
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 DUWEST
Investment Insights
Based on property information with market context.
This value-add NNN retail property includes six established NNN tenants spanning dining, service, and daily-needs retail. The center offers diversified in-place cash flow supported by contractual annual rent escalations, alongside approximately 35.3% vacancy that creates opportunity for additional leasing as suites become available.
The property is located along the Eldorado Parkway corridor, with reported traffic of 42,247 vehicles per day. It sits in Little Elm, a fast-growing community surrounded by residential development.
With in-place rents reported as below-market (averaging $24.19 PSF NNN), the offering also highlights potential mark-to-market adjustment as leases roll and vacant suites are re-leased.
The property is located along the Eldorado Parkway corridor, with reported traffic of 42,247 vehicles per day. It sits in Little Elm, a fast-growing community surrounded by residential development.
With in-place rents reported as below-market (averaging $24.19 PSF NNN), the offering also highlights potential mark-to-market adjustment as leases roll and vacant suites are re-leased.
Key Highlights
- 2015‑built NNN retail shopping center with six established tenants across dining, service, and daily‑needs retail.
- 35.3% vacancy provides lease‑up potential to increase NOI by 96% through improved occupancy.
- Contractual annual rent escalations are in place for multiple tenants.
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 | $409.8k | $24.96 |
| − Vacancy | −$20.5k | −$1.25 |
| EGI | $389.4k | $23.71 |
| − OpEx | −$116.8k | −$7.11 |
| NOI | $272.5k | $16.60 |
16,420 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.89M
$3.41M – $4.54M
NOI $272,546 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$229.62M
$200.92M – $267.89M
NOI $16,073,698 @ 7.0% cap · market cap 346.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
FAQs
What type of property is this?
Shopping center - NNN retail shopping center with multiple tenants and annual rent escalations, featuring meaningful vacancy for lease-up.
Where is this shopping center located?
The property is located at 850 West Eldorado Parkway Little Elm, TX.
What is the asking price?
The asking price for this property is $4,639,000.
What are key features of this property?
This property features: 2015‑built NNN retail shopping center with six established tenants across dining, service, and daily‑needs retail.; 35.3% vacancy provides lease‑up potential to increase NOI by 96% through improved occupancy.; Contractual annual rent escalations are in place for multiple tenants.
