The subject property is a retail strip center located at the southeast corner of TPC Parkway (17,766 AADT) and U.S. Highway 281 (70,360 AADT), where two new flyover lanes were recently added, with offramps, opening the intersection to commuter traffic. The area is a rapidly-growing commercial node that is supported by a robust trade area with a total population of 183,326 within 5 miles and average household income of $140,034 within 3 miles.
The property is in a strong position to capitalize from consumer draw to the immediate area, as it is located within a larger development, Stone Oak Retail Center, that features a synergistic tenant mix including In-N-Out Burger, Panera, MOD Pizza, RBFCU Credit Union, Tru by Hilton hotel, and new CoPlay Cove shared workspace and childcare facility. The property is directly across from the Village at Stone Oak, a 622,326 square foot shopping center known for its premier shopping, dining and entertainment options. It’s anchored by Target with notable tenants include Hobby Lobby, HomeGoods, Ross, Kirkland’s, Petco, Spec’s, and Alamo Drafthouse Cinema. Overall, there are over 50 stores and services operating in the center.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.