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Shopping Strip

Shops of Eldorado

12398 FM 423, Frisco, TX 75033

Listing Price: $12,840,000

Cap Rate
5.89%
Gross SF
36,485
Rentable SF
36,485
Price/Gross SF
$351.93
Lot Size
3.73 acres
Year Built
2007

Investment Overview

The Shops of Eldorado is a multi-tenant retail center comprised of two buildings totaling 36,485 square feet, located in the highly desirable Dallas-Fort Worth suburb of Frisco, Texas. The center is currently 87 percent occupied, providing upside potential in leasing the vacant space. All current leases are triple-net. The center is a mix of retail and medical office, with tenants including Rendon Orthodontics, About Face Oral and Facial Surgery, Beyond Innovation Chiropractic, Little Elm-Frisco Children's Clinic, The Cash Store, Floors 4 Less, Vapor Pro, Supercuts, Eye Level Learning, Papa Murphy's, Bella Nails, Love Sushi, Healthy Smiles, V-Smiles Family Dental, ICODE, and Eggsellent Cafe. The buildings were constructed in 2007 and are situated on 3.73 acres. The subject property is located in a dense retail trade area in the northeast quadrant of FM 423 and Eldorado Parkway. Traffic counts are approximately 18,800 vehicles per day on FM 423 and 27,145 on Eldorado Parkway. Shadow-anchored by Walmart Supercenter, other pad sites neighboring the property include BB&T, Panda Express, Pizza Hut, GameStop, Wendy’s, and Wells Fargo. Other national and regional tenants in close vicinity include Lowe’s Home Improvement, O’Reilly Auto Parts, AutoZone, Discount Tire, Hobby Lobby, Hibbett Sports, Dollar Tree, McDonald’s, Baskin Robbins, Great Clips, T-Mobile, Applebee’s, Walgreens, CVS, Starbucks, Burger King, Kroger Marketplace, ALDI, Goody Goody Liquor, and more. The property is well positioned in a densely populated and highly affluent area; the one-mile average household income is $159,330.

Investment Highlights

  • 36,485-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter
  • 87% Occupied | All Leases are Triple Net
  • Upside Potential | Pro Forma Cap Rate is 7.13%
  • Prime Location in a Densely Populated Area with Excellent Demographics

Exclusively Listed By

Shopping Strip

Shops of Eldorado

Listing Price: $12,840,000

Cap Rate
5.89%
Gross SF
36,485
Rentable SF
36,485
Price/Gross SF
$351.93
Lot Size
3.73 acres
Year Built
2007

Investment Highlights

  • 36,485-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter
  • 87% Occupied | All Leases are Triple Net
  • Upside Potential | Pro Forma Cap Rate is 7.13%
  • Prime Location in a Densely Populated Area with Excellent Demographics

Investment Overview

The Shops of Eldorado is a multi-tenant retail center comprised of two buildings totaling 36,485 square feet, located in the highly desirable Dallas-Fort Worth suburb of Frisco, Texas. The center is currently 87 percent occupied, providing upside potential in leasing the vacant space. All current leases are triple-net. The center is a mix of retail and medical office, with tenants including Rendon Orthodontics, About Face Oral and Facial Surgery, Beyond Innovation Chiropractic, Little Elm-Frisco Children's Clinic, The Cash Store, Floors 4 Less, Vapor Pro, Supercuts, Eye Level Learning, Papa Murphy's, Bella Nails, Love Sushi, Healthy Smiles, V-Smiles Family Dental, ICODE, and Eggsellent Cafe. The buildings were constructed in 2007 and are situated on 3.73 acres. The subject property is located in a dense retail trade area in the northeast quadrant of FM 423 and Eldorado Parkway. Traffic counts are approximately 18,800 vehicles per day on FM 423 and 27,145 on Eldorado Parkway. Shadow-anchored by Walmart Supercenter, other pad sites neighboring the property include BB&T, Panda Express, Pizza Hut, GameStop, Wendy’s, and Wells Fargo. Other national and regional tenants in close vicinity include Lowe’s Home Improvement, O’Reilly Auto Parts, AutoZone, Discount Tire, Hobby Lobby, Hibbett Sports, Dollar Tree, McDonald’s, Baskin Robbins, Great Clips, T-Mobile, Applebee’s, Walgreens, CVS, Starbucks, Burger King, Kroger Marketplace, ALDI, Goody Goody Liquor, and more. The property is well positioned in a densely populated and highly affluent area; the one-mile average household income is $159,330.

Exclusively Listed By

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