For Sale
$7,498,000

801 International PkwyFlower Mound, TX 75022

Flower Mound, TX Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
Lakeside Crossing, a 15,952-square-foot shopping center in Flower Mound, Texas, presents a compelling investment opportunity. Built in 2021, this single-building property sits on a 1.75-acre lot at 801 International Pkwy, 75022, boasting 100% occupancy. The asking price is $7,498,000, representing a 6.25% capitalization rate and a price per square foot of $470.04. The property benefits from a strong tenant lineup including Smoothie King (with a drive-thru), Texas Health Resources Family Care, The UPS Store, Capriotti's, Honeybird, and Arcade 92. These tenants, a mix of retail and medical users, contribute to a stable income stream with an average base lease expiration in August 2031. Leases include annual rent escalations and multiple renewal options. Current rents average $29.38 per square foot, NNN, which is below market for comparable new construction. The property enjoys a prime location, adjacent to the 160-acre Shops at Lakeside mixed-use development, and benefits from high traffic counts exceeding 56,260 vehicles per day on FM 2499/Long Prairie Rd/International Pkwy. The surrounding area boasts high average household incomes exceeding $191,200 within a one-mile radius, $166,200 within three miles, and $150,700 within five miles. This location is approximately 30 minutes north of Downtown Dallas and less than 10 minutes from DFW International Airport. The Lakeside business district, with over 45 businesses and 8,958,000+ square feet of industrial space, is also nearby. A new phase of the Shops at Lakeside development is planned, adding 2,200 residences and 705,000 square feet of commercial space.

Highlights

  • New retail building in affluent Flower Mound, TX.
  • Located adjacent to The Shops at Lakeside, a 2.2 billion dollar mixed-use development with 2,200 residences and 705,000 SF of commercial space.
  • Strong tenant mix including Smoothie King, The UPS Store, Texas Health Resources, and Capriotti's.
  • Long-term leases with average expiration in August 2031, including annual rent escalations and renewal options.
  • Below-market rents averaging $29.38/SF NNN.
  • High average household incomes exceeding $191,200 within a 1-mile radius.

Property Details for 801 International Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
15,952 SF
Year Built
2021
Buildings
1
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Flower Mound
County
Denton
State
Texas
Latitude
32.9912637
Longitude
-97.0632689
801 International Pkwy, Flower Mound, 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].
801 International 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