Prestonwood Polo Crossing

Price: $6,255,000
Sq. Ft.: 10,877
Cap Rate: 6.0%
Built: 2023

Marcus & Millichap is pleased to present the opportunity for an investor to acquire a fully stabilized, 10,877-square-foot, multi-tenant Class ‘A’ retail center located in the high-growth Dallas-Fort Worth suburb of Oak Point, Texas. Prestonwood Polo Crossing is comprised of internet-resistant, service-oriented tenants, including Starbucks, Smile 365 Dentist, Evolve Yoga Lounge, M Stella Nail Salon, and La Rustica Restaurant. All leases are triple-net, and all leases included schedule rent escalations during the primary terms. The building is new 2023 construction with an attractive façade and is situated on a 1.69-acre lot with ample concrete parking. The Starbucks end cap suite has a drive-through window along with a covered patio for outdoor seating. The new TPO roof has a 10-year transferrable warranty.

Prestonwood Polo Crossing is located on FM 720 Road near the signalized intersection with Shahan Prairie Road/McCormick Road. Cumulative traffic counts exceed 34,270 vehicles per day. Prestonwood Polo Crossing is located in a rapidly growing area of Oak Point in the northeastern quadrant of Denton County. New retail developments surrounding the subject property include 7-Eleven, McDonald’s, CVS, Dunkin’, Marco’s Pizza, a Montessori School, and more. H-E-B Grocery owns land approximately three miles north of the property for future development.

  • 10,877-Square-Foot, Multi-Tenant Retail Center | 100% Leased | All Triple-Net Leases
  • Anchored by Starbucks | End Cap Suite with a Drive-Thru Window and Covered Patio for Outdoor Seating
  • All Leases are New 10+ Year Terms with Scheduled Rent Increases
  • Building is New 2023 Construction with Attractive Architecture | TPO Roof with a 10-Year Transferrable Warranty
  • Located on FM 720 Near the Signalized Intersection with Shahan Prairie Road/McCormick Road | Cumulative Traffic Counts Exceed 34,270 Vehicles per Day
  • Neighboring Retailers Include 7-Eleven, CVS Pharmacy, McDonald’s, Montessori School, Dunkin’, Marco’s Pizza, and More
  • Adjacent Newly Approved Chaparral Park by Bloomfield Homes Residential Development to Provide 550 Residential Home Lots | Additional Nearby Residential Developments in Progress Include Rudman (300 Lots), Hilltown (841 Lots) Cross Oak Ranch (2,046 Lots) Hunters Ridge (16 Lots), Crescent Oaks Beach Estates (648 Lots), Among Others
  • Near Prestonwood Polo & Country Club | North Texas’ Premier Polo Club Situated on 97 Acres | Features Three Polo Fields, Two Polo Arenas, and 22 Residential Home Lots
  • Highly Affluent Surrounding Area | Average Household Income is $116,168 within a One-Mile Radius; $120,017 within Three Miles; and $124,464 within Five Miles
  • Located in a Fast-Growing Area of Oak Point in the Northeastern Quadrant of Denton County | Positioned on the Shores of Lewisville Lake in Between Denton and Frisco, Texas | 10 Miles from the Dallas North Tollway, Seven Miles from I-35E, and 25 Miles from Dallas/Fort Worth International Airport