615 Main St - Storefront FOR SALE


Frisco, TX 75036
$11,969,000 USD
214-960-2835
615 Main St, Frisco, TX for Sale
$11,969,000 USD
Storefront - FOR SALE
1/5
null | 6% Cap Rate

615 Main St
Frisco, TX 75036


HIGHLIGHTS

  • Parallel Positioning to Main Street at its Intersection with FM 423 (80,300+ Combined VPD); Proximity to Dallas North Tollway (116,600+ VPD)
  • Strong Fundamentals Located on a +/- 2.88-Acre Parcel, Three (3) Patios & Multiple Ingress/Egress Points, Double-Sided Monument Sign
  • Neighboring National Tenant Retailers Include H-E-B, Super Target, Petco, BestBuy, Costco Wholesale, Wells Fargo, Bank of America, Chick-fil-a
  • Located in a Dense Retail Trade Area with 1.7M+ SF of Retail GLA in a 2-Mile Radius
  • Median Home Prices for Adjacent Neighborhoods are $1MM+ at Shaddock Creek Estates & $840,000 at Heather Ridge Estates
  • Frisco Ranked in 2024 as the #3 Fastest Growing City in the U.S. (Fortune) & #1 Best Place to Live for Families in Texas (Fortune)

OVERVIEW

- 24,034 SF, 100% Leased Neighborhood Retail Center in Frisco, TX | 2018 Construction | Average Lease Term Expiration of May 2030 | Average Rents of $29.88 PSF - Complementary Tenant Mix with KIDSUNITED, Core Dentistry, May Foot Spa, Abhiruchi, Cleopatra Beauty Lounge, D’Xquisite Cuisine & Lounge, Domino’s Pizza, J Hair Studio, My Fit Med, Smoke Art, & Bluefin (11 Tenants); 8/11 Tenants Experience Rent Bumps - Located in the Affluent, High-Growth DFW Submarket of Frisco, TX | Average Household Income Exceeds $192,800 & $192,600 in a 1- & 3-Mile Radii, Respectively| 2,069% Population Increase in a 3-Mile Radius Since 2000 - Notable Nearby Traffic Drivers Include H-E-B, Toyota Stadium, Downtown Frisco Square & Frisco Railhead Project: Proposed $3B, 80-Acre Mixed-Use Development - Minutes from $12.7 Billion Fields Master Planned Community; Anticipated 5,000 Single Family Residences, 8,500 Multifamily Units & 18M+ SF of Commercial GLA Upon Completion

FOR SALE DETAILS

PRICE

$11,969,000 USD

PRICE/SF

$796 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Street Crossing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.88 AC

LAND SF

125,453 SF

ZONING

-

APN/PARCEL ID

R727533

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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