Shops on Lebanon

Price: $10,965,000
Sq. Ft.: 19,177
Cap Rate: 5.85%
Built: 2019

Shops on Lebanon is a 19,177-square-foot, newly constructed multi-tenant retail center located in the highly desirable Dallas-Fort Worth suburb of Frisco, Texas. The center is 100 percent leased, all leases are triple-net, and have personal guarantees. The center is a complementary mix of service-oriented, internet-resistant tenants including Beyond 500 Fitness Studio, Rebalance Wellness Solutions, Zeal Dentistry, Romeo’s Pizza, Icebox Cryotherapy, Dog Training Elite, Twisted Bowls, Twinkle Star Dance Academy, and Century Studios. The center is new 2019 construction with attractive architecture and landscaping and is situated on a 2.57-acre parcel.

The subject property is located in a dense retail trade area on the hard corner of Fourth Army Drive and Lebanon Road. Traffic counts in front of the property are approximately 22,200 vehicles per day. Shops on Lebanon is near many national retailers including Simple Self Storage, Kroger, Market Street, Starbucks Coffee, CVS Pharmacy, Walgreens, Tom Thumb, Wendy’s, Raising Canes Chicken Fingers, Chase, Pizza Hut, and more. The property is near many schools, providing additional traffic to the area. The property is well positioned in a densely populated and highly affluent area; the one-mile average household income is $178,820, and the five-mile population exceeds 269,830 residents.

  • 19,177-Square-Foot, Multi-Tenant Retail Center
  • 100% Leased | All Leases are Triple-Net with Primary Lease Terms of 5 to 10 Years
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • All Leases have a Personal Guarantee
  • Building is New (2019) Construction with an Attractive Facade | Situated on a 2.57-Acre Parcel with Ample Concrete Parking
  • Located on the Hard Corner of Fourth Army Drive and Lebanon Road | Traffic Counts Exceed 22,200 Vehicles Per Day
  • Highly Desirable Location in the Affluent Dallas Suburb of Frisco, Texas | Excellent Demographics | One-Mile Average Household Income is $178,820; Three-Mile Average Household Income is $151,459; and Five-Mile Average Household Income Exceeds $141,320 | Population is More Than 269,830 Residents Within Five Miles
  • Approximately Five Miles Northwest of the Intersection of Dallas North Tollway and Sam Rayburn Tollway | Major Retail Corridor Featuring Stonebriar Centre Mall, Legacy Town Center, Legacy West, The Centre at Preston Ridge, and More