West Towne Center | Eldorado Pky & Teel Pky
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West Towne Center Eldorado Pky & Teel Pky
37,772 SF 100% Leased Retail Building Frisco, TX 75033 $21,726,000 ($575/SF) 6% Cap Rate
Investment Highlights
- 100% Leased Sprouts Farmers Market Shadow Anchored Shopping Center in the High-Growth, Affluent Northern DFW Submarket of Frisco, TX
- Average Household Income Exceeds $234,600, $185,000 and $172,712 within a 1, 3 & 5-Mile Radii, Respectively
- 52,500+ VPD at the Intersection of Eldorado Parkway & Teel Parkway
- Average Rents of $34.11 PSF NNN while Comparable Retail Space in the Area is Leasing in the High $30’s to Low $40’s PSF NNN
- Adjacent Sprouts Ranks in Top 5 for Visits Among Texas Locations (Placer.ai)
- Population Growth of Over 3,700% Since 2000 in a 3-Mile Radius
Executive Summary
West Towne Center is a 37,772 square foot shopping center shadow anchored by Sprouts Farmers Market located in the affluent, high-growth DFW submarket of Frisco, Texas. Situated at the signalized intersection of Eldorado Parkway and Teel Parkway, the Property is thirty minutes north of Downtown Dallas in the highly-desirable and affluent, west Frisco submarket. West Towne Center is 100% leased to a complementary mix of retail, service and restaurant tenants including Pet Supplies Plus, Club Pilates, Emler Swim School, Grand Lux Nail Salon, Office Hub, Frisco Vet Care and Avive Life, among others. Built in 2016 the Property is a 5.27-acre parcel with frontage to Eldorado Parkway, and serves as a primary destination for surrounding neighborhoods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
37,772 SF
Building Class
B
Year Built
2016
Price
$21,726,000
Price Per SF
$575
Cap Rate
6%
NOI
$1,303,562
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
5.27 AC
Parking
122 Spaces (3.23 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R338677 | Improvements Assessment | $1,152,373 |
| Land Assessment | $2,030,027 | Total Assessment | $3,182,400 |
PROPERTY TAXES
Parcel Number
R338677
Land Assessment
$2,030,027
Improvements Assessment
$1,152,373
Total Assessment
$3,182,400
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West Towne Center | Eldorado Pky & Teel Pky
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