Property profile

0 Nec Us 380 & Boorman Ln Princeton, TX 75407

OFF-MARKET
Retail properties & Spaces
17,991 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 17,991 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nec Us 380 & Boorman Ln Princeton, TX 75407
Princeton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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