10050 Legacy Dr - Storefront Retail/Office FOR SALE


Frisco, TX 75033
$9,719,000 USD
214-335-4068
10050 Legacy Dr, Frisco, TX for Sale
$9,719,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 6.2% Cap Rate

10050 Legacy Dr
Frisco, TX 75033


HIGHLIGHTS

  • 21,391SF Neighborhood Retail Center at the Entrance to the +/-$3B Railhead Development in the Booming & Affluent Submarket of Frisco, TX (DFW)
  • Below-Market Rents of $28.17 PSF NNN; Comparable Retail Space in the Area is Leasing in the High $30’s to $40’s PSF NNN
  • Thriving Retail Trade Area with Over 3.4MM SF of Retail GLA in a 2-Mile Radius
  • Average Base Lease Term Expiration of February 2028 with Three (3) of Five (5) Tenants Experiencing Rent Bumps During Primary Term
  • Average Household Income Exceeds $175,300 & $186,100 in a 1 & 3 Mile Radius, Respectively
  • Median Home Prices for Adjacent Neighborhoods are $1,MM+ at Shaddock Creek Estates and $840,000 at Heather Ridge Estates

OVERVIEW

Legacy Retail Center is a 21,391 square foot retail center located along Legacy Drive, west of the Dallas North Tollway situated approximately 30 minutes due north of Downtown Dallas in the affluent DFW submarket of Frisco, Texas. The Property is leased to a complementary mix of healthcare, wellness, and home improvement services tenants including City Salon Suites & Spa, Pella Windows & Doors, Metroplex Medical Centres, and West Frisco Dental & Implants. The average base lease expiration is February 2028 with three (3) of five (5) tenants experiencing rent escalations during their primary terms. Rents average $28.17 PSF NNN with comparable new construction retail space in the area quoting in the upper $30’s and $40’s. Legacy Retail Center benefits from excellent visibility along Legacy Drive with neighboring national tenant retailers in close proximity, including HEB, Super Target, Petco, BestBuy, Costco Wholesale, Wells Fargo, Bank of America, Chick-fil-a, Ulta Beauty, and Market Street amongst others.

FOR SALE DETAILS

PRICE

$9,719,000 USD

PRICE/SF

$454 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Legacy Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

C-1

APN/PARCEL ID

R580328

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.