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.
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].
Contacts
Tim Axilrod
Tayler Rose
Visit Broker Website
Learn more
Useful Information
Request information
801 International Pkwy, Flower Mound, Texas, 75022
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
801 International Pkwy
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.