Cornerstone Plaza

Price: $15,273,000
Sq. Ft.: 51,445
Cap Rate: 5.5%
Built: 2002
  • 51,445-Square-Foot, Multi-Tenant Retail Center
  • 88% Occupied | All Leases are Triple-Net | Upside Potential in Leasing the Vacancy
  • Anchored by Cook Children’s Urgent Care (62% of the Gross Leasable Area)
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Consists of Two Buildings Situated on a 5.89-Acre Parcel with Ample Concrete Parking
  • Located at the Signalized, Hard Corner of Southlake Boulevard and Nolen Drive | Cumulative Traffic Counts in Front of the Property Exceed 40,000 Vehicles per Day | Easily Accessible from Multiple Ingress and Egress Points from Both Roads
  • Extremely Affluent Area with an Average Household Income of Approximately $166,170 within Five Miles | More than 127,300 Residents within Five Miles
  • Southlake is a Highly Affluent Suburb of Dallas/Fort Worth and has One of the Highest Median Incomes of any City in the State of Texas
  • Subject Property is Less than Two Miles from Southlake Town Square | A Unique, Open-Air Lifestyle Shopping District with More than 120 Shops and Fine Restaurants
  • Six Miles West of Dallas/Fort Worth International Airport | Serves More than 75 Million Passengers per Year