Victory Shops at Frontier I

Price: $10,824,000
Sq. Ft.: 17,579
Cap Rate: 5.5%
Built: 2020

Victory Shops at Frontier I is a 17,579-square-foot, multi-tenant retail center located in the high-growth suburb of Prosper, Texas. The tenant base is a complementary mix of internet-resistant, service-oriented businesses including Dunkin’, Southpaws Grill, HOTWORX, Optimum, Fossil Creek Liquor, Tea Latte Bar, Pure Barre, and Bietsch Orthodontics. All leases are triple-net and include scheduled rent escalations during the primary term. The building is new 2020 construction with an attractive façade and is situated on a 2.49-acre parcel with ample paved parking.  The Dunkin’ end cap suite has a drive-through window.

The subject property is positioned near the signalized intersection of Preston Road and Frontier Parkway. The property is easily accessible from multiple ingress and egress points. Cumulative traffic counts exceed 41,072 vehicles per day. National and regional retailers in close proximity include Anamia’s Tex Mex, Jersey Mike’s Sub, Stretch Lab, City Vet, Tropical Smoothie, AutoZone Auto Parts, Salad and Go, Kroger, Club Pilates, Bank of America, The UPS Store, Domino’s Pizza, Sherwin-Williams Paints, Pizza Hut, and F45. The subject property is also in close proximity to The Gates of Prosper, which features a tenant lineup of Hobby Lobby, HomeGoods, Michael’s, Kohl’s, T-Mobile, PetSmart, Kirkland’s Home, Famous Footwear, ULTA Beauty, Old Navy, Ross Dress for Less, TJ Maxx, Five Below and many others.

  • 17,579-Square-Foot, Multi-Tenant Retail Center Located in a High-Growth Area
  • 100% Occupied | All Leases are Triple-Net
  • Complementary Mix of Internet-Resistant, Service-Oriented Businesses | All Leases Have Scheduled Rent Escalations During the Primary Term
  • Building is New (2020) Construction Situated on a 2.49-Acre Lot with Ample Concrete Parking
  • Dunkin’ End Cap Suite has a Drive-Through Window
  • The Adjacent Victory Shops at Frontier II is Available for Additional Purchase | See Agent for Details
  • Near the Signalized Intersection of North Preston Road and West Frontier Parkway | Easily Accessible from Multiple Ingress and Egress Points from Both Roads | Cumulative Traffic Counts are Approximately 41,072 Vehicles per Day
  • Well Positioned to Serve a Highly Affluent and Densely Populated area of Prosper | Average Household Income is $176,293 within One Mile; $177,148 within Three Miles; and $160,516 within Five-Miles
  • Prosper is Currently Ranked as the Fastest-Growing City in North Texas | Located 35 Miles North of Downtown Dallas