For Sale
$21,726,000

12255 Teel PkwyFrisco, TX 75033

High-growth Frisco retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
West Towne Center, a 37,772 square foot retail property in Frisco, Texas, presents a compelling investment opportunity. This multi-tenant shopping center, built in 2016, boasts a 6.00% cap rate and a strong net operating income (NOI) of $1,303,562. Located on a 5.27-acre lot at the signalized intersection of Eldorado Parkway and Teel Parkway, the center enjoys high visibility and accessibility. The property is shadow-anchored by Sprouts Farmers Market and is currently 100% occupied by a diverse mix of tenants including Pet Supplies Plus, Club Pilates, Emler Swim School, Grand Lux Nail Salon, Office Hub, Frisco Vet Care, and Avive Life. The average rent is $34.11 per square foot, triple net (NNN), with comparable retail space in the area leasing for significantly more. The center benefits from its location in a high-growth, affluent area of Frisco, with average household incomes exceeding $234,600 within a one-mile radius. The property's proximity to major developments like The Star, the Dallas Cowboys headquarters, and the PGA headquarters further enhances its value. The average base lease term expiration is January 2029. This exceptional property offers a rare opportunity to acquire a high-performing retail center in one of the nation's fastest-growing and most desirable markets. The asking price is $21,726,000.

Highlights

  • 100% leased, Sprouts Farmers Market-shadow anchored retail center in Frisco, TX's affluent northern DFW submarket.
  • Average rent: $34.11/SF NNN; comparable properties lease for $30-$40/SF NNN.
  • Average household income exceeds $234,600 within a 1-mile radius.
  • Adjacent Sprouts ranks among Texas' top 5 in visits (Placer.ai).
  • High traffic location: 52,500+ vehicles per day at Eldorado Parkway & Teel Parkway intersection.
  • Significant population growth: over 3,700% increase since 2000 within a 3-mile radius.

Property Details for 12255 Teel Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
37,772 SF
Year Built
2016
Lot Size (sq. ft)
229,561 SF

Location Insight

City
Frisco
County
Denton
State
Texas
Latitude
33.179591531414
Longitude
-96.866349177569
12255 Teel Pkwy, Frisco, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
12255 Teel Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message