The subject property is a 7,950-square-foot, three-tenant retail center located in high-growth area of Plano, Texas. Venture Pools Retail Center is 100 percent leased with a complementary mix of internet-resistant and service-oriented businesses, including Venture Custom Pools, Kids United, and Batteries Plus. All leases are triple-net, and all tenants have options for renewal with rent increases. The building was constructed in 2006 and is situated on a 0.85-acre parcel with a double-sided monument sign positioned at the property entrance. Landlord reports a new roof was installed in 2019.
Shadow-anchored by The Home Depot, the subject property is strategically located near the signalized intersection of Highway 121 and Ohio Drive. Venture Pools Retail Center is well positioned with excellent freeway visibility and benefits from combined traffic counts in excess of 179,296 vehicles per day. The center is located near many national and regional retailers including Walmart Supercenter, Sam’s Club, Total Wine & More, HomeGoods, World Market, Michaels, PGA Tour Superstore, Burlington, Sun & Ski Sports, McDonald’s, Chick-fil-A, Lowe’s Home Improvement, and many more. Venture Pools Retail Center is also in close proximity to Stonebriar Centre, a super regional mall featuring approximately 218 stores anchored by Macy’s, Nordstrom, Dillard’s, JCPenney, and Dick’s Sporting Goods.
- 7,950-Square-Foot, Three-Tenant Retail Center Located in a High-Growth, Prime Retail Trade Area of Plano | $28.5M Annual Retail Sales Potential within a Five-Mile Radius
- Shadow-Anchored by The Home Depot | This Location Receives Approximately 816,600 Visitors Annually (Source: Placer.ai)
- 100% Occupied | All Leases are Triple-Net | Complementary Mix of Regional and Local Retailers
- Current Average Rents are Below Market | Potential Future Upside
- Landlord Reports a New Roof was Installed in 2019
- High-Traffic, Freeway Location Near the Signalized Intersection of State Highway 121 and Ohio Drive | Cumulative Traffic Counts Exceed 179,296 Vehicles Per Day
- Adjacent to Mustang Square | New 50-Acre Mixed-Use Development Featuring 448 Multi-Family Units, 172-Unit Senior Housing, 55 Single Family Detached Lots, 30 Single Family Attached Lots, and 10,000 Square Feet of Office Space, Three Hotels, and Multiple Retail Buildings
- Well Positioned to Serve a Densely Populated, Extremely Affluent Area of North Plano | Population is 337,527 Residents within Five Miles | One-Mile Average Household Income is $149,288 | Three-Mile Average Household Income is $135,860 | Five-Mile Average Household Income is $145,337
- Close Proximity to Stonebriar Centre | 218+ Stores and Anchored by Macy’s, Nordstrom’s, Dillard’s, JCPenney, and Dick’s Sporting Goods
- Other Traffic Drivers in the Area Include Walmart Supercenter, Sam’s Club, HomeGoods, PGA Tour Superstore, Lowe’s Home Improvement, and More
- Plano is Home to Many Regional Corporate Offices, Including Intuit, Bank of America Home Loans, Ericsson, McAfee, Frito-Lay, Pizza Hut, PepsiCo, DXC (Formerly Hewlett Packard Enterprises), FedEx Offices & Print Services, and Others
- The City is Also Home to the Headquarters for Toyota Motor North America and Regional Headquarters for Liberty Mutual Insurance Co. and JPMorgan Chase
