Investment Overview

Marcus & Millichap is pleased to present the opportunity for an investor to acquire a fully stabilized, 10,877-square-foot, multi-tenant Class 'A' retail center located in the high-growth Dallas-Fort Worth suburb of Oak Point, Texas. Prestonwood Polo Crossing is comprised of internet-resistant, service-oriented tenants, including Starbucks, Smile 365 Dentist, Evolve Yoga Lounge, M Stella Nail Salon, and La Rustica Restaurant. All leases are triple-net, and all leases included schedule rent escalations during the primary terms. The building is new 2023 construction with an attractive façade and is situated on a 1.69-acre lot with ample concrete parking. The Starbucks end cap suite has a drive-through window along with a covered patio for outdoor seating. The new TPO roof has a 10-year transferrable warranty. Prestonwood Polo Crossing is located on FM 720 Road near the signalized intersection with Shahan Prairie Road/McCormick Road. Cumulative traffic counts exceed 34,270 vehicles per day. Prestonwood Polo Crossing is located in a rapidly growing area of Oak Point in the northeastern quadrant of Denton County. New retail developments surrounding the subject property include 7-Eleven, McDonald's, CVS, Dunkin', Marco's Pizza, a Montessori School, and more. H-E-B Grocery owns land approximately three miles north of the property for future development.