La Cima Crossing

Price: $6,717,000
Sq. Ft.: 12,369
Cap Rate: 6.0%
Built: 2019
  • 12,369-Square-Foot, Multi-Tenant Retail Center that is Well Positioned in the High-Growth North Dallas Suburb of Prosper
  • 100% Occupied with Three Tenants: Sweat Project Fitness Studio, Foley Pools, and Jerry’s Liquor
  • All Leases are Triple-Net, Contain Personal Guarantees, and Include Annual Rent Increases
  • Building is Newer (2019) Construction with an Attractive Façade | Situated on a 2.23-Acre Lot with Ample Concrete Parking in the Front and Back of the Building
  • Located on East University Drive/US Highway 380 | Major East/West Corridor with Traffic Counts of Approximately 40,740 Vehicles per Day
  • Close Proximity to a Prime Retail Trade Corridor at the Intersection of University Drive and South Preston Road, an Amazon Distribution Center, and Numerous School Campuses
  • Approximately Four Miles East of the Newly-Constructed PGA of America’s Headquarters  | $520 Million Mixed-Use Development that Includes the Headquarter Offices and Training Facilities, Dual 18-Hole Golf Courses, a 10-Hole Short Course, and a 75,000-Square-Foot Putting Course | Additional Developments Include a Omni Hotel and PGA Golf Experience District for Retail and Entertainment
  • Universal Parks & Resorts Recently Announced Plans to Develop a New Theme Park Concept and Hotel on 97 Acres of Land Situated East of the Dallas North Tollway and North of Panther Creek Parkway
  • Highly Affluent Surrounding Area | Average Household Income is $178,718 within a One-Mile Radius; $163,787 within Three Miles; and $163,796 within Five Miles