945 W Stacy Rd - Retail FOR SALE


Allen, TX 75013
$9,247,000 USD
214-335-4068
945 W Stacy Rd, Allen, TX for Sale
$9,247,000 USD
Retail - FOR SALE
1/10
null | 6% Cap Rate

945 W Stacy Rd
Allen, TX 75013


HIGHLIGHTS

  • 100% Leased Masonry Construction Retail Center Extremely Well Positioned in the Affluent DFW Submarket of Allen, TX
  • Average Base Lease Term Expiration of December 2028 with Four (4) Tenants Experiencing Built in Annual Rental Escalations
  • Average Rents Only $28.99 PSF NNN, with Comparable Retail Space in the Area Leasing for $35 - $40 PSF NNN
  • Situated along Stacy Rd between Highway 75 & State Highway 121; Exceptional Positioning to Two-Notable DFW Thoroughfares
  • Average Household Incomes of $237,800, $164,000 & $167,100 in 1, 3 & 5 Mile Radii, Respectively
  • Population Increase of Over 10,000% Since 2000

OVERVIEW

Watters Village II is a 19,141 square foot masonry construction retail asset situated on 2.12 acres in the affluent, high growth city of Allen, Texas. Watters Village II is located approximately 30 minutes north of Downtown Dallas with close proximity to major Texas thoroughfares, US-75 and TX-121 (Sam Rayburn Tollway). Located on the well-traveled Stacy Road corridor with traffic volumes exceeding 41,900 vehicles per day, the Property benefits from parallel positioning with excellent visibility along Stacy Road, a two sided monument sign, an average suite size of 2,127 SF and shallow bay depth. The Property is 100% leased to a complementary tenant mix of service, health & wellness and restaurant with an average base lease term expiration of December 2028. Rents average only $28.99 PSF NNN, with comparable retail space in the area leasing from $35 - $40 PSF NNN. Watters Village II benefits from exceptional demographics with average household income exceeding $237,800, $164,000 and $167,100 within a 1, 3 and 5-mile radii, respectively. Notable national retailers in the immediate area include Walmart, Target, Whole Foods, Dicks Sporting Goods, Best Buy, Nike, Under Armor, West Elm, H&M and Cabela’s among others.

FOR SALE DETAILS

PRICE

$9,247,000 USD

PRICE/SF

$476 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Watters Village II

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

2.12 AC

LAND SF

92,347 SF

ZONING

CC

APN/PARCEL ID

R-10076-00A-1R20-1

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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