1212 W McDermott Dr - Storefront Retail/Office FOR SALE


Allen, TX 75013
$4,326,000 USD
214-225-8541
1212 W McDermott Dr, Allen, TX for Sale
$4,326,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 6% Cap Rate

1212 W McDermott Dr
Allen, TX 75013


HIGHLIGHTS

  • 100% Leased Neighborhood Retail Asset Located in the Dense & Affluent DFW Submarket of Allen, TX
  • Average Rents of $25.79 PSF NNN While Comparable Retail Space in the Area is Leasing in the Mid-High $30’s PSF NNN
  • Thriving Retail Trade Area with Over 2.8MM SF of Retail GLA in a 1.5 Mile Radius
  • Situated at McDermott Drive & Alma Drive; with Combined Traffic Volumes of Over 55,300 VPD
  • Average Household Income of $183,600 in a 1 Mile Radii, Respectively
  • Allen was Ranked in 2024 as the #1 City for “Best Quality of Life” in Texas by LawnStarter

OVERVIEW

Frost Bank Retail Center is a 9,600 square foot neighborhood retail asset situated on 0.99 acres in the affluent and dense northern Dallas/Fort Worth submarket of Allen. Located off the well-traveled intersection of McDermott Drive and Alma Drive, the Property benefits from excellent visibility along McDermott Drive and experiences traffic volumes in excess of 55,300 vehicles per day at the intersection. Frost Bank Retail Center is located approximately 30 minutes north of Downtown Dallas with close proximity to major Texas thoroughfares, US-75 and TX-121 (Sam Rayburn Tollway). The Property is 100% leased to a complementary tenant mix including Frost Bank (double lane drive-thru), Dedicated Dental, Raffy’s Barbershop, Twin Massage and United Eyebrow Threading. All tenants have at least one built in rent escalation during primary term and at least one renewal option. In-place rents are on average only $25.79 PSF NNN, while new leases for comparable retail space have rents in the mid-high $30’s PSF NNN. Frost Bank Retail Center benefits from parallel frontage to McDermott Drive, partial masonry construction, two lane drive-thru, highly visible two-sided monument sign, 0.99-acre parcel, strong visibility and average suite size of 1,920 square feet providing strong residual value.

FOR SALE DETAILS

PRICE

$4,326,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frost Bank Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

R

APN/PARCEL ID

R-4309-00A-0040-1

ASK ABOUT THIS PROPERTY

Tayler RoseSHOP CompaniesMore Info
214-225-8541

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Tayler RoseSHOP CompaniesMore Info
214-225-8541

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