Long Prairie Plaza is a fully stabilized retail asset located in Flower Mound, Texas. The property consists of two adjacent multi-tenant buildings constructed in 2022, featuring an attractive brick and stone façade with metal awnings. The buildings total 17,107 square feet of gross leasable area, with all space currently 100 percent leased by tenants on triple-net terms. Tenants consist of a diverse mix of service-based businesses, including Active Dental, Teacupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelena Head Spa, Degree Wellness, and Donatos Pizza. Several of the leases include annual rent escalations, providing year-over-year income growth potential.
The property sits in a prime commercial corridor along Long Prairie Road with high visibility and traffic counts exceeding 41,600 vehicles per day. Long Prairie Plaza is within close proximity to local amenities, several school campuses, dense residential developments. The surrounding area has exceptional demographics, serving a highly affluent population with an average household income of $177,774 within one mile; $154,752 within three miles; and $129,877 within five miles with a population of 206,176 within a five-mile radius. This central location ensures a steady flow of foot traffic, contributing to the success of its tenants.
- FULLY STABILIZED ASSET – 100% OCCUPIED WITH NNN LEASES
- The property is fully stabilized with 100% occupancy, ensuring a reliable income stream. All tenants are on triple-net (NNN) leases, minimizing the owner’s financial responsibility.
- COMPRISED OF TWO ADJACENT MULTI-TENANT BUILDINGS FEATURING SERVICE-BASED RETAILERS
- The asset consists of two adjacent multi-tenant buildings, providing a diverse mix of tenants and enhancing the overall investment stability by spreading risk across multiple units and sectors.
- NEW 2022 CONSTRUCTION | 100% STEEL INTERIOR WITH GALVANIZED FRAMING | 100% STONE/BRICK EXTERIOR
- Built in 2022, the property benefits from modern construction standards, offering reduced maintenance costs and an appealing, well-maintained environment for both tenants and customers.
- HIGH-TRAFFIC LOCATION EXPERIENCING ONGOING GROWTH
- Located off Long Prairie Road with traffic counts exceeding 41,600 vehicles per day, the property sits directly in front of the newly constructed Flower Mound Montessori. Directly north of the property, multi-tenant and medical/office developments are underway. A 31,470-square-foot luxury indoor golf facility is approved for the land directly south of the property.
- WELL POSITIONED IN A HIGHLY AFFLUENT AND DENSELY POPULATED AREA
- Situated in a thriving, affluent area of Flower Mound, the property offers excellent access to a well-established customer base, as well as new housing and mixed-use projects in development.
