Property Name

Preston & Lebanon Retail Center

Price
$
8,924,000
NOI
$
522,080
Occupancy
100
%
Cap Rate
5.85
%
GLA
11,435 SF
Lease Type
NNN
Year Built
2026
Description

A brand-new construction asset, Preston & Lebanon Retail Center is a 11,435 square foot retail center located on Preston Road situated approximately 30 minutes due north of Downtown Dallas in the affluent DFW submarket of Frisco, Texas. The Property is 100% leased to a complementary mix of restaurant, medical, and service tenants. These include 360 Brunch House, anemerging DFW brunch concept, Little Moose Creamery, FedEx, a corporate guaranteed location, and Pacific Dental, an award-winning, nationwide dental services corporation. The Property benefits from an average base lease expiration of December 2035, with 4 of 4 tenants experiencing rent escalations during their primary terms. Preston & Lebanon Retail Center also benefits from an average suite size of 2,859 SF, shallow bay depth, masonry construction, multiple ingress/ egress points, and excellent visibility fronting Preston Road. Notable national retailers in close proximity include Land Rover of Frisco, Whataburger, Chase Bank, 7-Eleven, Walgreens, Tom Thumb, Starbucks, RaceTrac, Hobby Lobby, Subway, and Bank of America amongst others.