Prosper Town Center presents a rare opportunity to acquire a fully stabilized retail investment with significant embedded development upside in one of the fastest-growing and highest-income communities in the Dallas-Fort Worth Metroplex. The offering includes four multi-tenant retail buildings totaling 37,730 square feet together with three separately platted development parcels, creating a unique combination of durable in-place cash flow and future value creation. Investors have the flexibility to acquire the shopping center and land together or separately, creating multiple investment and disposition strategies over the hold period.
The shopping center is 100 percent leased to a diversified mix of medical, healthcare, restaurant, educational, and neighborhood service tenants that generate consistent daily traffic and provide stable, predictable income through NNN lease structures. In addition to immediate cash flow, the property’s below-market rental profile and excess land position offer meaningful opportunities to increase value through future lease renewals, pad sales, ground leases, or new commercial development as Prosper continues its rapid expansion.
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RARE CASH FLOW + DEVELOPMENT OPPORTUNITY
Acquire a fully stabilized shopping center together with three separately platted development parcels that may be purchased together or individually. Investors gain immediate income while controlling future value creation through parcel sales, ground leases, or new development.
EXCEPTIONAL POPULATION & INCOME GROWTH
Prosper continues to rank among the fastest-growing municipalities in the country, supported by projected population growth exceeding 16% within five miles over the next five years and average household incomes approaching $200,000. The area’s continued residential expansion is driving sustained demand for retail, medical, and service uses.
IRREPLACEABLE PRESTON ROAD LAND POSITION
Situated along SH-289 near U.S. Highway 380, the property occupies one of Prosper’s primary commercial corridors with exceptional visibility, accessibility, and long-term land scarcity. As surrounding development matures, entitled commercial land in this corridor is becoming increasingly difficult to replicate.
SIGNIFICANT MARK-TO-MARKET OPPORTUNITY
Current rents average approximately $29.00 per square foot, well below comparable new retail developments in the surrounding market. This provides investors with meaningful embedded upside as leases renew over time, creating the opportunity to increase cash flow without additional capital investment.
DIVERSIFIED ESSENTIAL-SERVICE TENANT MIX
The shopping center is 100% leased to a complementary mix of medical, healthcare, education, restaurant, and neighborhood service tenants that generate recurring daily traffic and provide resilient cash flow across multiple business sectors.
SURROUNDED BY TRANSFORMATIONAL DEVELOPMENT
The property benefits from proximity to the PGA of America Headquarters, Fields mixed-use development, Universal Kids Resort, Omni PGA Resort, expanding retail corridors, and rapidly growing school districts. These regional investments continue to elevate Prosper as one of the most desirable live-work-play destinations in North Texas.
