Investment Overview

Victory Shops at Richardson Square is a 7,502-square-foot, multi-tenant neighborhood center located in a densely populated area of Richardson, Texas. The center is currently 100 percent occupied with a complementary mix of national and regional retailers, predominantly service-oriented businesses, including Dunkin', Texas Health Resources - Breeze Urgent Care, and Visionworks. All leases are triple-net and have scheduled rent escalations during the primary terms. The building is new (2021) construction with an attractive façade, ample concrete parking, and a double-sided pylon sign that provides additional exposure to the center. Victory Shops at Richardson Square is positioned near the signalized intersection of Belt Line Road and Plano Road. The property is easily accessible from multiple ingress and egress points. Traffic counts in front of the property exceed 28,227 vehicles per day. Nearby national and regional retailers include McDonald's, Smoothie King, Wendy's, Applebee's Grill + Bar, India Bazaar, LA Fitness, Blaze Pizza, Starbucks, Jason's Deli, Chipotle, Aspen Dental, Spectrum, Jersey Mike's, Planet Fitness, Sally Beauty Supply, Lowe's Home Improvement, Shoe Carnival, Ross Dress for Less, Target, Burlington, Raising Cane's, Whataburger, Panda Express, Chick-fil-A, Dollar Tree, Sherwin-Williams, Harbor Freight Tools, and many more. The property is located in an area with desirable demographics, with a population exceeding 366,112 residents within a five-mile radius, and an average household income within a one-mile radius of $104,679; $80,102 within a three-mile radius; and $87,721 within a five-mile radius.