15801 Rolater Rd Frisco, TX 75035-9481

Property Details for 15801 Rolater Rd

Year built

2022

Lot size

3.55 lot acres

Property size

9,320 SF

Property type

Commercial real estate

APN

R-12856-000-0010-1

APU

R1285600000101

Description

This exceptional 9,292 square-foot shopping center in Frisco, Texas, presents a compelling investment opportunity. Built in 2022, this Class A property boasts 100% occupancy with three tenants under long-term triple-net leases, many including annual rent escalations. The center is strategically located on Rolater Road, near the highly trafficked intersection of Custer Road (52,470 vehicles per day), providing excellent visibility and accessibility. Its proximity to State Highway 121 further enhances its appeal. The property benefits from a shadow anchor, an ethnic grocery store, drawing significant foot traffic. The area is densely populated, with over 344,950 residents within a five-mile radius and a daytime employment exceeding 90,000 within the same area. Average household incomes within one, three, and five miles are exceptionally high, exceeding $140,000. The location is also advantageous due to its proximity to Liberty High School (approximately 1,846 students) and numerous corporate headquarters, including Toyota, Addus Homecare, Careington International, National Breast Cancer Foundation, Keurig Dr Pepper, and the PGA of America. The property's strong tenant mix, high occupancy rate, and prime location in a rapidly growing area make it an attractive investment with a 6.25% cap rate and a net operating income of $309,440. The asking price is $4,951,000, representing a price per square foot of $532.82. The property sits on a 1.196-acre lot and is part of a condominium association.

Location Insight

City

Frisco

County

Collin

State

Texas

Longitude

-96.7356

Latitude

33.1371

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments