Frisco, TX - Independence Plaza

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding multi-tenant retail investment property located in Frisco, Texas. The offering features a strong food and service-based tenant lineup. The tenants operate under leases that are NNN in nature, limiting expense leakage for a future investor. This building features elevated design and utilizes high-quality materials. The property is at 100% occupancy, providing a stable cash income stream, ideal for a future passive investor, with some short term value-add potential.

Independence Plaza is located near the signalized, hard-corner intersection of Independence Pkwy and State Hwy 121, combining to average over 42,700 vehicles passing by daily. Idependence Pkwy is a major retail thoroughfare serving the city of Frisco. The property is located right off of Sam Rayburn Tollway, which averages over 94,400 vehicles passing by daily. The asset is located less than a mile from Custer Bridges, a shopping center including a 190,000+ square foot Walmart Supercenter, McDonald’s, Chipotle, Starbucks, and many more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Target, Lowe’s Home Improvement, Ross, PetSmart, LA Fitness, Kroger, Raising Cane’s, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by approximately 362,000 residents and 134,000 employees, providing a direct consumer base from which to draw. Residents within 3 miles of the subject property boast an affluent average household income of $192,498.