3851 Long Prairie Rd, Flower Mound, TX 75028
11,024 SF | 100% Leased | Retail Building | Flower Mound, TX 75028 | $5,840,000 ($530/SF) | 6.10% Cap Rate
For Sale
Active
21 pictures
Asking Price $5,840,000
- Property Type
-
Retail
- Square Feet
- 11,024 SF
- Price / Square Foot
- $530
Listing Contacts
Hudson Lambert
Jason Vitorino
- Property Info
Property Overview
Stabilized 11,024 SF Retail Strip on NNN Leases with Ability to Lease Up Vacant 2nd Story 1,735 SF
Complementary Mix of Internet Resistant Tenants
Average Rent is Only $31/SF | New Comparable Shop Space Leasing for $36/SF-$38/SF
Value-Add Opportunity Leasing 2nd Floor Suite | Ability to Increase NOI | Pro-Forma 6.84% Cap Leasing Space at $25/SF
Located on the NWC of 2499 & Cross Timbers Rd | 2 of the Most Trafficked Thoroughfares in Flower Mound | Visible to Over 71,000 Vehicles per Day
Flower Mound High School Across Cross Timbers Rd | 6A High School with Over 3,500 Students Enrolled
Outstanding Demographics | Over $150,000 Average Household Income in a 1 Mile Radius – Double the National Average
High Growth Area | 27.3% Population Surge Since 2010 in a 1 Mile Radius
Surrounding Notable Retailers Include Kroger, Market Street, Tom Thumb, Sprouts, Kohl’s, Chase, 7-Eleven, CVS, Starbucks, FedEx, Sonic & Many More
Complementary Mix of Internet Resistant Tenants
Average Rent is Only $31/SF | New Comparable Shop Space Leasing for $36/SF-$38/SF
Value-Add Opportunity Leasing 2nd Floor Suite | Ability to Increase NOI | Pro-Forma 6.84% Cap Leasing Space at $25/SF
Located on the NWC of 2499 & Cross Timbers Rd | 2 of the Most Trafficked Thoroughfares in Flower Mound | Visible to Over 71,000 Vehicles per Day
Flower Mound High School Across Cross Timbers Rd | 6A High School with Over 3,500 Students Enrolled
Outstanding Demographics | Over $150,000 Average Household Income in a 1 Mile Radius – Double the National Average
High Growth Area | 27.3% Population Surge Since 2010 in a 1 Mile Radius
Surrounding Notable Retailers Include Kroger, Market Street, Tom Thumb, Sprouts, Kohl’s, Chase, 7-Eleven, CVS, Starbucks, FedEx, Sonic & Many More
Property Details
- Class
- B
- Year Built
- 2007
- Stories
- 2
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 45,302 SF
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