5530 W University Dr - Supermarket FOR SALE


Prosper, TX 75078
$15,500,000 USD
949-221-1803
5530 W University Dr, Prosper, TX for Sale
$15,500,000 USD
Supermarket - FOR SALE
1/9
null | 5.8% Cap Rate

5530 W University Dr
Prosper, TX 75078


HIGHLIGHTS

  • Brand New Construction, Freestanding Specialty Grocery Store in Dallas TX
  • Trophy Real Estate: adjacent new Costco / Westside Development outparcel
  • 15 Year Absolute NNN Lease | Fee Simple Interest (Land & Bldg)
  • Strategic frontage on US-380 (56,000+ VPD) | TxDOT projects 100,00+ VPD on US-380 corridor
  • 186,000+ residents with avg household income of $179,550 (5-mi. radius) | 24 miles from DFW airport
  • Denton County: 1.07M residents | 36% growth from 2010-2020 |

OVERVIEW

TEXAS BROKER OF RECORD ... FRANKEL DEVELOPMENT GROUP INC ... TREC RE License: 9000477 Faris Lee Investments is pleased to present the opportunity to acquire a brand-new, freestanding Hareli Fresh Market specialty grocery store strategically located within the Dallas-Fort Worth Metroplex in Prosper, Texas. The property is secured by a 15-year Absolute NNN lease featuring 8% rental increases every five years, providing investors with a passive, inflation-hedged income stream, zero landlord responsibilities, and increasing cash flow throughout the lease term, while fee simple ownership offers potential depreciation and cost segregation benefits for qualified investors. Strategically positioned on a rare 2.4-acre corner parcel with immediate right-turn access and prominent frontage along U.S. Highway 380 (56,000+ vehicles per day), the property occupies one of the premier outparcel locations within the brand-new Westside Development, immediately adjacent to Costco and surrounded by significant mixed-use growth. Located along the transformative U.S. 380 corridor, where TXDOT projects traffic volumes exceeding 114,000 vehicles per day upon completion of its multi-billion-dollar freeway expansion, the asset benefits from exceptional regional connectivity, proximity to PGA of America Headquarters, Universal Kids Resort, Cook Children’s Medical Center, and one of the fastest-growing and most affluent communities in the nation. Hareli Fresh Market is an emerging destination grocery concept guided by the mantra “Freshness for every culture, every kitchen,” serving the rapidly expanding South Asian and international communities throughout North Texas with authentic global grocery offerings. Supported by extraordinary demographic trends, average household incomes approaching $180,000, explosive population growth throughout Denton County, and the continued influx of South Asian households into Prosper and neighboring communities - this asset represents an exceptional opportunity for a passive or 1031 exchange investor seeking a brand-new, trophy-quality grocery investment with long-term rent growth, outstanding real estate fundamentals, and exposure to one of the country’s most dynamic retail corridors.

FOR SALE DETAILS

PRICE

$15,500,000 USD

PRICE/SF

$689 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hareli Fresh Market | Trophy Site | DFW TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

M

APN/PARCEL ID

R774503

ASK ABOUT THIS PROPERTY

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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