Little Elm Retail Center is a newly constructed 8,750-square foot multi-tenant shopping strip located in the Dallas/Fort Worth suburb of Little Elm, Texas. The center is 100 percent occupied with a complimentary mix national credit tenants, consisting of Pacific Dental, ATI Physical Therapy, Verizon and Lapels Dry Cleaner. All tenants have brand new five- or ten-year lease terms, and all leases are triple net. The building was constructed in 2018 and is situated on approximately one acre.
The subject property is located in a dense residential area at the intersection of Farm to Market Road 423 and Little Elm Parkway, with access to the property from both roads. Traffic counts on Farm to Market 423
are approximately 34,000 vehicles per day and approximately 16,000 vehicles on Little Elm Parkway. The recent completion of the Farm to Market Road 423 expansion project that runs through Frisco, Little Elm, and The Colony has widened the road from two to six lanes, greatly improving the flow of traffic. Neighboring national and regional retailers include Aldi, Starbucks, RaceTrac, Texas Health Emergency Room, QuikTrip, Brakes Plus, Jack in the Box, Kiddie Academy, Kroger Marketplace, Anytime Fitness, Yum Asian Bistro, Arby’s, Goody Goody Liquor, Pollo Regio, Schlotzsky’s Deli, Smoothie King, and others. Land is available directly behind the subject property for future development. The surrounding area has excellent demographics, with a five mile average household income of $110,000 and a five mile population exceeding 128,000.
The Town of Little Elm is located in north central Texas, in Denton County, which is part of the Dallas/Fort Worth Metroplex. Little Elm is located on the eastern shores of Lewisville Lake being approximately 30 miles north of downtown Dallas. Little Elm is one of the fastest growing municipalities in Texas since 2000 in terms of percentage.
SALE HIGHLIGHTS
- Newly Constructed Retail Strip Center with Credit Tenants
- Fully Stabilized at 100 Percent Occupancy
- Brand New Leases with Either Five- or Ten-Year Lease Terms
- All Leases are Triple Net
- Tenants Include Pacific Dental, ATI Physical Therapy, Verizon, and Lapel Dry Cleaner
- Pacific Dental and Verizon have Corporate Guarantees | Lapels Dry Cleaner has Dual Personal Guarantees
- ATI Physical Therapy Operates More than 600 Clinics in 24 States Nationwide
- Located at the Intersection of Farm to Market Road 423 and Little Elm Parkway with Property Access from both Roads
- Recent Completion of the Farm to Market 423 Expansion Project Widened the Road from Two to Six Lanes
- Traffic Counts are Approximately 34,000 Vehicles per Day on Farm to Market 423 and 16,000 Vehicles per Day on Little Elm Parkway
- The Surrounding Area has Experienced Recent Commercial Growth with the Addition of Numerous National and Regional Tenants | Sales at the Neighboring ALDI are up 35%, Increasing Year over Year | Kroger Signature Store Sits Directly Across the Road and Reports Strong Sales with Approximately 30,000 Customers per Week
- Land Available Directly Behind the Subject Property for Potential Development
- Excellent Demographics | The Five Mile Average Household Income is $110,000 | Five Mile Population Exceeds 128,000 Residents
