Trophy Real Estate | Best Retail Intersection in TX |… — Sale in Plano (Dallas-Fort Worth Msa), TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Plano (Dallas-Fort Worth Msa), TX 75093
Photos
Investment Figures
- Cap rate
- 4.75%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Strategically positioned within the Park and Preston retail corridor, the property benefits from immediate proximity to a dense concentration of high-performing national retailers and daily-needs tenancy that drive consistent consumer traffic. Anchored by Whole Foods and surrounded by retailers including Trader Joe’s, Market Street, and Preston Park Village, the corridor is widely recognized as one of the most dominant and established retail nodes in North Dallas. This premier location supports strong tenant performance, long-term demand, and sustained real estate value within an affluent and supply-constrained submarket. Investment Highlights: • Rare opportunity to acquire a dual tenant corporate ground lease investment secured by Bank of America and Wild Fork Foods, delivering diversified income backed by investment grade credit. • Both leases are structured as absolute NNN ground leases, eliminating landlord responsibilities while providing contractual rent increases and renewal options. • Located within a high performing Whole Foods anchored retail corridor in West Plano, surrounded by Trader Joe's, Market Street, and national retailers, driving strong daily traffic, tenant demand, etc • Recently completed construction in 2023 and 2024 delivers tenant specific high quality improvements, reinforcing long term commitment while minimizing near term capital exposure, positioned within a supply constrained corridor supporting sustained real estate value. • Situated at the signalized intersection of Preston Road and West Park Boulevard with over 87,000 vehicles per day, offering exceptional visibility, access, and positioning within one of North Dallas most established retail corridors. • Densely Populated and Affluent Area: Features an Average Household Income of more than $156k within a 1 Mile Radius and over 378k People Residing within a 5 Mile Radius.
Market Context
This retail in Plano (Dallas-Fort Worth Msa), TX is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Plano (Dallas-Fort Worth Msa), TX — view the full market.
Contact
- Alvin Mansour · (858) 373-3184 · alvin.mansour@marcusmillichap.com
- David Kern · (858) 373-3185 · david.kern@marcusmillichap.com
- Chad O'Connor · (858) 373-3146 · chad.oconnor@marcusmillichap.com
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