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Shopping Strip

Indian Creek Plaza

1712 W Frankford Rd, Carrollton, TX 75007

Listing Price: $3,588,900

Cap Rate
6.75%
Gross SF
14,367
Rentable SF
14,367
Price/Gross SF
$249.80
Lot Size
1.04 acres
Year Built
2000

Investment Overview

Indian Creek Plaza is a 14,367-square-foot, multi-tenant retail center located in a densely populated area of Carrollton, Texas. The center is 100 percent leased to three tenants: Southern Veterinary Partners, Human Health Child Support, and Hot Donuts. Southern Veterinary Partners and Human Health Child Support have been long-term tenants in the center for more than 15 years, and Human Health Child Support has almost ten years remaining on the current term. All leases include scheduled rent increases and options for renewal, and 66 percent of the gross leasable area is on triple-net terms. Originally constructed in 2000, the building is situated on a 1.047-acre parcel with ample parking and a monument sign that provides additional exposure to the center. The subject property is well positioned on West Frankford Road and is easily accessible to several major thoroughfares, including Interstate 35 East, Sam Rayburn Tollway, and President George Bush Turnpike. The property benefits from a signalized entrance at Frankford Road, with traffic counts of approximately 36,238 vehicles per day. Indian Creek Plaza is adjacent to RaceTrac gas station and Frankford Station apartment complex. The property located about two miles southeast of a major retail trade area at the intersection of Interstate 35 East and Sam Rayburn Tollway, featuring Music City Mall, Costco, Hobby Lobby, PetSmart, Marshalls, Old Navy, Dollar Tree, Barnes & Noble, At Home, Academy Sports and Outdoors, Ollie’s Bargain Outlet, Conn’s HomePlus, and many others. The surrounding area has strong demographics; the average household income is $138,790 within a one-mile radius of the property; $112,773 within a three-mile radius; and $106,893 within a five-mile radius. More than 305,823 people reside within five miles.

Investment Highlights

  • 14,367-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | 66% Percent of the Gross Leasable Area has Leases on Triple-Net Terms
  • 34% of the Gross Leasable Area is Leased to Human Health Child Support (U.S. Government Credit) | Long-Term Lease with Approximately 10 Years Remaining on the Term and Annual Rent Increases
  • Located on West Frankford Road Just East of I-35 East | Traffic Counts are Approximately 36,238 Vehicles per Day | Traffic Signal Located at the Property Entrance
  • Strong Demographics | Average Household Income is $138,790 within a One-Mile Radius; $112,773 within a Three-Mile Radius; and $106,893 within a Five-Mile Radius | Dense Population of 305,823 Residents within a Five-Mile Radius

Exclusively Listed By

Shopping Strip

Indian Creek Plaza

Listing Price: $3,588,900

Cap Rate
6.75%
Gross SF
14,367
Rentable SF
14,367
Price/Gross SF
$249.80
Lot Size
1.04 acres
Year Built
2000

Investment Highlights

  • 14,367-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | 66% Percent of the Gross Leasable Area has Leases on Triple-Net Terms
  • 34% of the Gross Leasable Area is Leased to Human Health Child Support (U.S. Government Credit) | Long-Term Lease with Approximately 10 Years Remaining on the Term and Annual Rent Increases
  • Located on West Frankford Road Just East of I-35 East | Traffic Counts are Approximately 36,238 Vehicles per Day | Traffic Signal Located at the Property Entrance
  • Strong Demographics | Average Household Income is $138,790 within a One-Mile Radius; $112,773 within a Three-Mile Radius; and $106,893 within a Five-Mile Radius | Dense Population of 305,823 Residents within a Five-Mile Radius

Investment Overview

Indian Creek Plaza is a 14,367-square-foot, multi-tenant retail center located in a densely populated area of Carrollton, Texas. The center is 100 percent leased to three tenants: Southern Veterinary Partners, Human Health Child Support, and Hot Donuts. Southern Veterinary Partners and Human Health Child Support have been long-term tenants in the center for more than 15 years, and Human Health Child Support has almost ten years remaining on the current term. All leases include scheduled rent increases and options for renewal, and 66 percent of the gross leasable area is on triple-net terms. Originally constructed in 2000, the building is situated on a 1.047-acre parcel with ample parking and a monument sign that provides additional exposure to the center. The subject property is well positioned on West Frankford Road and is easily accessible to several major thoroughfares, including Interstate 35 East, Sam Rayburn Tollway, and President George Bush Turnpike. The property benefits from a signalized entrance at Frankford Road, with traffic counts of approximately 36,238 vehicles per day. Indian Creek Plaza is adjacent to RaceTrac gas station and Frankford Station apartment complex. The property located about two miles southeast of a major retail trade area at the intersection of Interstate 35 East and Sam Rayburn Tollway, featuring Music City Mall, Costco, Hobby Lobby, PetSmart, Marshalls, Old Navy, Dollar Tree, Barnes & Noble, At Home, Academy Sports and Outdoors, Ollie’s Bargain Outlet, Conn’s HomePlus, and many others. The surrounding area has strong demographics; the average household income is $138,790 within a one-mile radius of the property; $112,773 within a three-mile radius; and $106,893 within a five-mile radius. More than 305,823 people reside within five miles.

Exclusively Listed By

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