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Shopping Strip

Teel Crossing East

3288 Main St, Frisco, TX 75034

Listing Price: $15,610,900

Cap Rate
5.85%
Gross SF
32,770
Rentable SF
32,770
Price/Gross SF
$476.38
Lot Size
5.84 acres
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to present the opportunity for an investor to acquire a fully stabilized, 32,770-square-foot, multi-tenant retail center located in a highly coveted area of Frisco, Texas. Teel Crossing East comprised of internet-resistant, service-oriented tenants including Hurts Donut Co., One River Art & Design, Frisco Audio & Tint, Frisco Sushi 469, Marco's Pizza, Mathnasium, The Coders School, Maple Street Biscuit, Chiloso, Nekter Juice Bar, 888 Cookhouse, Bishops, BeBalanced Weight Loss Center, and Chiller Bee. All leases are triple-net, leaving limited Landlord responsibilities. The offering consists of two multi-tenant buildings that are newer construction; Phase I building was completed in 2016, and Phase II building was completed in 2019. The buildings are situated on a large 5.84-acre parcel with ample paved parking. Teel Crossing East is located in the northeast quadrant of the intersection of Main Street and Teel Parkway. The center is easily accessible with multiple ingress and egress points from both roads. Cumulative traffic counts exceed 41,620 vehicles per day. The property is strategically located in a dense residential area and near numerous national retailers including Kroger, Starbucks Coffee, McDonalds, Chase Bank, Walgreens, Fuzzy's Taco Shop, Walmart, The YMCA, CVS Pharmacy, Orangetheory Fitness, LA Fitness, and many others. H-E-B Grocery recently announced the much anticipated expansion of the brand into the Dallas-Fort Worth metroplex with one of the selected locations located less than one mile east of Teel Crossing East. The store will be located in the northeast corner of Legacy Drive and Main Street, with a projected opening date in the fall of 2022. Teel Crossing is near many schools, providing additional traffic to the area. The center benefits from excellent demographics with more than 237,788 residents within five miles of the property and a household income of $188,742 within one mile of the property.

Investment Highlights

  • Located in the Northeast Quadrant of the Intersection of Main Street and Teel Parkway | Property is Easily Accessible from Multiple Ingress and Egress Points | Cumulative Traffic Counts Exceed 41,620 Vehicles Per Day
  • 100% Occupied, Class A Shopping Center | All Leases are Triple-Net
  • Tenants are a Complementary Mix of Internet-Resistant, Service-Oriented Businesses and Restaurants | Includes a Wells Fargo Drive-Thru ATM
  • Majority of the Leases have Annual Rent Escalations, Providing a Steady Year-Over-Year Increase to the Income Stream | All Leases have Renewal Options
  • Property Consists of Two Multi-Tenant Retail Buildings Totaling 32,770 Square Feet Situated on a Large 5.84-Acre Lot | Ample Paved Parking Spaces

Exclusively Listed By

Shopping Strip

Teel Crossing East

Listing Price: $15,610,900

Cap Rate
5.85%
Gross SF
32,770
Rentable SF
32,770
Price/Gross SF
$476.38
Lot Size
5.84 acres
Year Built
2016

Investment Highlights

  • Located in the Northeast Quadrant of the Intersection of Main Street and Teel Parkway | Property is Easily Accessible from Multiple Ingress and Egress Points | Cumulative Traffic Counts Exceed 41,620 Vehicles Per Day
  • 100% Occupied, Class A Shopping Center | All Leases are Triple-Net
  • Tenants are a Complementary Mix of Internet-Resistant, Service-Oriented Businesses and Restaurants | Includes a Wells Fargo Drive-Thru ATM
  • Majority of the Leases have Annual Rent Escalations, Providing a Steady Year-Over-Year Increase to the Income Stream | All Leases have Renewal Options
  • Property Consists of Two Multi-Tenant Retail Buildings Totaling 32,770 Square Feet Situated on a Large 5.84-Acre Lot | Ample Paved Parking Spaces

Investment Overview

Marcus & Millichap is pleased to present the opportunity for an investor to acquire a fully stabilized, 32,770-square-foot, multi-tenant retail center located in a highly coveted area of Frisco, Texas. Teel Crossing East comprised of internet-resistant, service-oriented tenants including Hurts Donut Co., One River Art & Design, Frisco Audio & Tint, Frisco Sushi 469, Marco's Pizza, Mathnasium, The Coders School, Maple Street Biscuit, Chiloso, Nekter Juice Bar, 888 Cookhouse, Bishops, BeBalanced Weight Loss Center, and Chiller Bee. All leases are triple-net, leaving limited Landlord responsibilities. The offering consists of two multi-tenant buildings that are newer construction; Phase I building was completed in 2016, and Phase II building was completed in 2019. The buildings are situated on a large 5.84-acre parcel with ample paved parking. Teel Crossing East is located in the northeast quadrant of the intersection of Main Street and Teel Parkway. The center is easily accessible with multiple ingress and egress points from both roads. Cumulative traffic counts exceed 41,620 vehicles per day. The property is strategically located in a dense residential area and near numerous national retailers including Kroger, Starbucks Coffee, McDonalds, Chase Bank, Walgreens, Fuzzy's Taco Shop, Walmart, The YMCA, CVS Pharmacy, Orangetheory Fitness, LA Fitness, and many others. H-E-B Grocery recently announced the much anticipated expansion of the brand into the Dallas-Fort Worth metroplex with one of the selected locations located less than one mile east of Teel Crossing East. The store will be located in the northeast corner of Legacy Drive and Main Street, with a projected opening date in the fall of 2022. Teel Crossing is near many schools, providing additional traffic to the area. The center benefits from excellent demographics with more than 237,788 residents within five miles of the property and a household income of $188,742 within one mile of the property.

Exclusively Listed By

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