Investment Overview

Long Prairie Plaza is a fully stabilized retail asset located in Flower Mound, Texas. The property consists of two adjacent multi-tenant buildings constructed in 2022, featuring an attractive brick and stone façade with metal awnings. The buildings total 17,107 square feet of gross leasable area, with all space currently 100 percent leased by tenants on triple-net terms. Tenants consist of a diverse mix of service-based businesses, including Active Dental, Teacupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelena Head Spa, Degree Wellness, and Donatos Pizza. Several of the leases include annual rent escalations, providing year-over-year income growth potential. The property sits in a prime commercial corridor along Long Prairie Road with high visibility and traffic counts exceeding 41,600 vehicles per day. Long Prairie Plaza is within close proximity to local amenities, several school campuses, dense residential developments. The surrounding area has exceptional demographics, serving a highly affluent population with an average household income of $177,774 within one mile; $154,752 within three miles; and $129,877 within five miles with a population of 206,176 within a five-mile radius. This central location ensures a steady flow of foot traffic, contributing to the success of its tenants.