8795 Preston Trace Blvd - Office FOR SALE


Frisco, TX 75033
$5,937,000 USD
214-960-2887
8795 Preston Trace Blvd, Frisco, TX for Sale
$5,937,000 USD
Office - FOR SALE
1/5
null | 6.25% Cap Rate

8795 Preston Trace Blvd
Frisco, TX 75033


HIGHLIGHTS

  • 100% Leased 3-Tenant Medical Retail Center in the Booming & Affluent Submarket of Frisco, TX
  • Average Base Lease Term Expiration of October 2030 with 3 of 3 Tenants Experiencing Rent Bumps During Primary Term
  • Benefits from Shallow Bay Depth & Full Masonry Construction
  • Average Household Income Exceeds $148,700, $175,500 & $193,600 in a 1, 3 & 5 Mile Radius, Respectively
  • Population Increased by Over 590% Since 2000 in 5 Mile Radius
  • Preston Road / Main Street Intersection 90,000+ VPD

OVERVIEW

Preston Trace Medical Retail Center is a 12,900 square foot retail center located directly adjacent to Preston Road situated approximately 30 minutes due north of Downtown Dallas in the affluent DFW submarket of Frisco, Texas. The Property is 100% leased to a complementary mix of medical and specialty recreational tenants including North Dallas Primary Care Doctors, Behavioral Innovations, and Frisco Fencing Academy. The average base lease expiration is October 2030 with 3 of 3 tenants experiencing rent escalations during their primary terms. Rents average $28.77 PSF NNN with comparable medical retail space quoting in excess of $35.00 PSF NNN. Preston Trace Medical Retail Center benefits from excellent visibility, an average suite size of 4,300 SF, shallow bay depth, masonry construction, multiple ingress/ egress points, and excellent visibility fronting Preston Trace Boulevard. Notable national retailers in close proximity include Walmart Supercenter, Aldi, Starbucks, Chick fil A, Scooters Coffee, Aldi, CVS Pharmacy, McDonalds, Dunkin, Subway, and Anytime Fitness amongst others.

FOR SALE DETAILS

PRICE

$5,937,000 USD

PRICE/SF

$460 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Preston Trace Medical Retail Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

Commercial

APN/PARCEL ID

R-8507-00A-0080-1

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-960-2887

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Tommy TuckerSHOP CompaniesMore Info
214-960-2887

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