Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 19,141-square-foot, multi-tenant neighborhood retail center located in a highly coveted area of Allen, Texas. The center is 100 percent leased with all triple-net leases. Watters Village II is comprised of internet-resistant, service-oriented businesses including Orange Theory Fitness, Elements Massage, Sole Hao Reflexology, Feng Cha, A Bite of Lao 'n Thai, Jollof Haus, Men's Wellness & Testosterone Center, Allen Pharmacy & Wellness, and MKMA Martial Arts. Constructed in 2014, the property is situated on a 2.12-acre parcel with ample paved parking, and includes a double-sided monument sign at the property entrance.. Watters Village II is located on Stacy Road, near the intersection of North Watters Road with close access to Highway 75 (North Central Expressway). Traffic counts in front of the property exceed 38,698 vehicles per day. Watters Village II is in close proximity to Allen Premium Outlets, an outdoor mall comprised of approximately 100 designer stores. Less than one mile west is Stacy Green, a 73-acre mixed-use project which consists of over a dozen retail and restaurant buildings and over 300 multi-family units. Across Highway 75 (North Central Expressway) is Fairview Town Center, a 200-acre mixed use project anchored by Dillard's, Macy's, and JCPenney. Also on the southeast corner of the Stacy Road and Highway 75 intersection is The Village at Allen, an approximately one million-square-foot retail center occupied by Best Buy, DICK'S Sporting Goods, Kirkland's Home, TJ Maxx, HomeGoods, and Nordstrom Rack among several other national retailers. The property is well positioned to serve a dense residential area with a population exceeding 308,925 residents within a five-mile radius, and an average household income of $208,339 within a one-mile radius, $139,001 within a three-mile radius, and $139,950 within a five-mile radius.