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Shopping Strip

Creekside Crossing

1710 FM 423, Frisco, TX 75034

Listing Price: $10,568,000

Cap Rate
5.50%
Gross SF
18,260
Rentable SF
18,260
Price/Gross SF
$578.75
Lot Size
1.94 acres
Year Built
2019

Investment Overview

Creekside Crossing is a 100 percent leased, 18,260-square-foot, multi-tenant retail center that is well-positioned to serve an extremely affluent and densely populated area in the North Dallas suburb of Frisco, Texas. All leases are triple-net, and the majority of the leases include scheduled rent escalations during the primary term. The tenant base is a complementary mix of internet-resistant businesses, including Cookie Cutter Haircuts for Kids, Blast Swim Academy, Farrall's Extreme Bodyshaping, Black Label Beauty, G.O.A.T.'s Arena Sports Bar, Happy Morning Café, and Cold Stone Creamery. The building is new (2019) construction, featuring an attractive architectural design. The property is situated on a 1.94-acre lot with ample concrete parking. Creekside Crossing is located on FM 423 near the intersection with King Road/West Main Street. Traffic counts in front of the property exceed 44,946 vehicles per day. The center is located near many national and regional retailers, including Flix Brewhouse, Godfather's Pizza, The Bar Method, Sonic Drive-In, CareNow Urgent Care, 7-Eleven, Papa John's Pizza, Bank of America, Rosa's, RaceTrac, Starbucks, Jack in the Box, Kroger Marketplace, Chickfil- A, Whataburger, and more. The surrounding area has highly desirable demographics, serving a population of more than 229,487 residents within a five-mile radius. The average household income is $145,657 within one-mile; $158,404 within three-miles; and $145,939 within five miles.

Investment Highlights

  • 18,260-Square-Foot, Multi-Tenant Retail Center
  • Fully Stabilized Asset with New, Long-Term Leases | 100% Occupied | All Leases are Triple-Net
  • Tenants are a Complementary Mix of Internet-Resistant Businesses
  • Current Average Rents are Below Market

Exclusively Listed By

Financing By

Shopping Strip

Creekside Crossing

Listing Price: $10,568,000

Cap Rate
5.50%
Gross SF
18,260
Rentable SF
18,260
Price/Gross SF
$578.75
Lot Size
1.94 acres
Year Built
2019

Investment Highlights

  • 18,260-Square-Foot, Multi-Tenant Retail Center
  • Fully Stabilized Asset with New, Long-Term Leases | 100% Occupied | All Leases are Triple-Net
  • Tenants are a Complementary Mix of Internet-Resistant Businesses
  • Current Average Rents are Below Market

Investment Overview

Creekside Crossing is a 100 percent leased, 18,260-square-foot, multi-tenant retail center that is well-positioned to serve an extremely affluent and densely populated area in the North Dallas suburb of Frisco, Texas. All leases are triple-net, and the majority of the leases include scheduled rent escalations during the primary term. The tenant base is a complementary mix of internet-resistant businesses, including Cookie Cutter Haircuts for Kids, Blast Swim Academy, Farrall's Extreme Bodyshaping, Black Label Beauty, G.O.A.T.'s Arena Sports Bar, Happy Morning Café, and Cold Stone Creamery. The building is new (2019) construction, featuring an attractive architectural design. The property is situated on a 1.94-acre lot with ample concrete parking. Creekside Crossing is located on FM 423 near the intersection with King Road/West Main Street. Traffic counts in front of the property exceed 44,946 vehicles per day. The center is located near many national and regional retailers, including Flix Brewhouse, Godfather's Pizza, The Bar Method, Sonic Drive-In, CareNow Urgent Care, 7-Eleven, Papa John's Pizza, Bank of America, Rosa's, RaceTrac, Starbucks, Jack in the Box, Kroger Marketplace, Chickfil- A, Whataburger, and more. The surrounding area has highly desirable demographics, serving a population of more than 229,487 residents within a five-mile radius. The average household income is $145,657 within one-mile; $158,404 within three-miles; and $145,939 within five miles.

Exclusively Listed By

Financing By

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