3605 S Preston Rd - Retail FOR SALE


Celina, TX 75009
$3,555,555 USD
858-822-9811
3605 S Preston Rd, Celina, TX for Sale
$3,555,555 USD
Retail - FOR SALE
1/16
null | 4.5% Cap Rate

3605 S Preston Rd
Celina, TX 75009


HIGHLIGHTS

  • Brand New 2025 Construction
  • Absolute NNN Ground Lease
  • 20-Year Initial Term with Four 5-Year Renewal Options
  • 8% Rent Increases Every 5 Years
  • Population +83,800 in 5 Miles with 16.38% Annual Population Growth Rate
  • +$216,800 Avg HHI in 1 Mile Radius, Higher than the National Average

OVERVIEW

PNC Bank is a brand new 2025 construction single tenant investment opportunity strategically positioned in the heart of The Village at Ownsby Farms, one of Celina’s newest and largest retail destinations. Situated within the +100 acre master-planned retail development, PNC Bank is shadow anchored by Costco and Academy Sports, with Lowe’s, EoS and Home Depot directly across the street. The 20-Year Absolute NNN ground lease includes four 5-year renewal options, providing up to 40 years of potential tenancy, and 8% rent increases every 5 years allowing predictable, compounding cash flow. Celina, TX is booming – the city ranked 4th fastest growing city in the US, according to the 2025 Census Bureau. The 5-mile population is +83,800 with a 16.38% annual population growth rate and average household income exceeding $200k. The subject property is within a dense retail corridor with national tenants Target, Walmart Supercenter, Hobby Lobby, Dick’s Sporting Goods and Kohl’s. It’s immersed among 8 major master-planned communities within a 10-mile radius, exceeding 8,000 acres combined. The Village at Ownsby Farms is poised to be a hotspot retail destination among flourishing residential developments in the surrounding Celina area. Watch Property Video: https://vimeo.com/1143745132

FOR SALE DETAILS

PRICE

$3,555,555 USD

PRICE/SF

$1,127 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL PNC Bank - The Village at Ownsby Farms

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

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