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Main Street Center 279 & 307 FM 423, Frisco, Texas, 75034

 
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Verified : 1/25/2016 Sold

Main Street Center 279 & 307 FM 423, Frisco, Texas, 75034

$11,737,000.00   / ForSale

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Property Highlights

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$11,737,000.00
Sale Price:
$11,737,000.00
Price/SF:
221
CAP Rate (%):
8.05
NOI:
$944,280.00
Net Lease:
Unlisted
Gross Leasable Area (SF):
53,207
Total Lot Size (SF):
397,099
Occupancy (%):
98.8
Population Range:
10,000-157,000
Household Income:
$130,000.00
Traffic Counts:
27,000
County:
Unlisted
Zoning:
Unlisted
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
Unlisted
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
Unlisted
Year Of Build:
Unlisted
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
$221.00
Parcel Number:
Unlisted
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
Unlisted
Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

Main Street Center (“Property”) a 53,207 square foot neighborhood center located in the high growth Dallas suburb of Frisco, Texas. The Property is located along the southeast corner of the lighted intersection of Main Street and the recently expanded FM 423. Main Street Center is 98.8% occupied by national, regional, and local tenants including Subway, Pizza Hut, Kelly-Moore Paints, State Farm, Texas Family Fitness, among others. Main Street Center provides an investor a unique opportunity to acquire a well-positioned shopping center in the coveted city of Frisco.

Location Description

Main Street Center is situated on the southeast corner of Main Street and FM 423 in a high growth portion of Collin County. Constructed in 2003 and renovated to add Texas Family Fitness in 2014, the Property boasts a well maintained facade an attractive drive-up appeal. FM 423 and Main Street are two major thoroughfares, connecting the Property to the Dallas North Tollway to the east, Highway 380 to the north and 121 to the south.