0 Nec Us 380 & Boorman Ln, Princeton, TX 75407
This exceptional 17,991 square foot retail center in Princeton, Texas, offers a unique investment opportunity. Located at the northeast corner of US 380 and Boorman Lane, this multi-tenant property boasts 99 parking spaces and is ideally situated across from Princeton's senior and junior high schools (over 2,400 students), the new municipal center, and a city park. The property is comprised of retail, office, and restaurant space, with a medical office subtype, and currently has 17,383 square feet available for lease. Units range from a minimum of 1,163 square feet to a maximum contiguous space of 2,876 square feet. The 2.41-acre lot benefits from significant surrounding growth, including 450 new multifamily units, 148 single-family rental units, 150 townhome units, and 331 newly constructed homes. This prime location offers unparalleled access to a thriving community and is projected to be completed in December 2023. The property's strategic placement ensures high visibility and accessibility, making it an attractive option for a variety of businesses. This is a rare chance to secure space in a rapidly developing area with a strong demographic base. Contact us today to learn more about leasing opportunities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.