Hareli Fresh Market | Trophy Real Estate | Prosper TX (DFW)

Highlights:

• Brand New Construction, Freestanding Specialty Grocery Store in Dallas TX
• Trophy Real Estate: adjacent new Costco / Westside Development outparcel
• 15 Year Lease Term with 8% Rental Increases every 5 Years
• Absolute NNN Lease
• Fee Simple Interest (Land & Building)
• Potential depreciation / accelerated benefits for investor
• Est. Year 1 Accelerated Depreciation (per Layne Cost Segregation): $4.48M dollars
• Large 2.4 acre site
• Strategic location / frontage on US-380 (56,000+ VPD)
• TxDOT projects 100,00+ VPD on US-380 corridor
• Prosper TX: Ultra-high growth, affluent city in Denton County
• Texas: the #1 Growing State in U.S. from 2020-2025 (U.S. Census Bureau)
• Hareli Fresh Market: Destination Retailer & Emerging Regional Grocery Brand
• HFM combines a high-quality fresh market with a full-service restaurant and additional amenities, creating a destination where families can shop, dine and gather under one roof

Description:

Texas Broker of Record: Frankel Development Group Inc. TREC RE License: 9000477
Faris Lee Investments is pleased to present the opportunity to acquire a brand-new, freestanding Hareli Fresh Market specialty grocery store strategically located within the Dallas-Fort Worth Metroplex in Prosper, Texas. The property is secured by a 15-year Absolute NNN lease featuring 8% rental increases every five years, providing investors with a passive, inflation-hedged income stream, zero landlord responsibilities, and increasing cash flow throughout the lease term, while fee simple ownership offers potential depreciation / cost segregation benefits for qualified investors. Strategically positioned on a rare 2.4-acre site with immediate right-turn access and prominent frontage along U.S. Highway 380 (56,000+ vehicles per day), the property occupies one of the premier outparcel locations within the brand-new Westside Development, immediately adjacent to Costco and surrounded by significant mixed-use growth. Located along the transformative U.S. 380 corridor, where TXDOT projects traffic volumes exceeding 114,000 vehicles per day upon completion of its multi-billion-dollar freeway expansion, the asset benefits from exceptional regional connectivity, proximity to PGA of America Headquarters, Universal Kids Resort, Cook Children’s Medical Center, and one of the fastest-growing and most affluent communities in the nation. Hareli Fresh Market is an emerging destination grocery concept guided by the mantra “Freshness for every culture, every kitchen,” serving the rapidly expanding South Asian and international communities throughout North Texas with authentic global grocery offerings. Supported by extraordinary demographic trends, average household incomes approaching $180,000, and explosive population growth throughout Denton County, this asset represents an exceptional opportunity for a passive or 1031 exchange investor seeking a brand-new, trophy-quality grocery investment with long-term rent growth, outstanding real estate fundamentals, and exposure to one of the country’s most dynamic retail corridors.

Brand-new freestanding specialty grocery outparcel located within the Westside Development in Prosper along the US-380 corridor, adjacent to Costco and near major retail and multifamily growth.

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