NNN Retail Value-Add
For Sale
$4,639,000
850 West Eldorado Parkway, Little Elm, TX 75068
NNN retail shopping center with multiple tenants and annual rent escalations, featuring meaningful vacancy for lease-up.
Property Size16,420 SF
Days on Market100
Property Features for 850 West Eldorado Parkway
General Information
Standard status
Active
Size
16,420 SF
Property subtype
Retail
Occupancy
65%
Additional Details
Traffic Count
42,247 vehicles/day
Building Details
Building Size
16,420 SF
Tenancy
Multi
Listing Agency:
DUWEST
Listed By:
Will Walters · License #596941
(214) 675-3665
Source:
Commercialcafe
Added: Jul 15
Changed: Oct 17
Last Checked: Oct 20 at 5:44PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$272,546
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,450,920
$5.5M
Cap Rate 7%
$3,893,514
$3.9M
Cap Rate 9%
$3,028,289
$3.0M
Market Conditions
NOI Build-Up for 16,420 SF
Gross rent
$409.8K $24.96/SF
− Vacancy
−$20.5K −$1.25/SF
EGI
$389.4K $23.71/SF
− OpEx
−$116.8K −$7.11/SF
NOI
$272.5K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,450,920
Cap Rate 7%
$3,893,514
Cap Rate 9%
$3,028,289
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
42,247 VPD
Traffic count
64.7%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
7-Eleven
Shops & Services
13,614 visits/mo
0.2 miles
Exxon
Shops & Services
7,250 visits/mo
0.2 miles
Wingstop
Dining
5,086 visits/mo
0.2 miles
Los Jalapenos
Dining
2,625 visits/mo
0.4 miles
Domino's Pizza
Dining
2,287 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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.
