The Shops at Mustang Station
Core Infill Neighborhood Shopping Center | 28,088-SF | Strong Demographics
Marketing description
Marcus & Millichap is pleased to exclusively present the rare opportunity to acquire The Shops at Mustang Station, a portfolio of multi-tenant retail investment properties totaling 28,088 rentable square feet, situated on two parcels totaling 2.92 acres, located at 12990 and 13001 Bee Street, Farmers Branch, Texas (Dallas MSA). The subject property is currently 100 percent occupied with a mixture of food and beverage, as well as experiential retail tenants. All leases are triple-net, featuring annual increases and renewal options. The offering allows for long term stability with a class-A retail product and limited competition. The subject property services a strong local demographic, with an average household income exceeding $103,000 within a three-mile radius.
The city of Farmers Branch, Texas is home to over 4,000 companies and 250 corporate headquarters, including BSN Sports LLC, TD Industries Inc., Scout and Cellar, Iidon Security, Taco Bueno, SoftLayer Technologies, and Brinks. The city prides itself on providing the opportunity for a high-quality life for employees and residents. Farmers Branch is a dynamic powerhouse business center in north Dallas, centrally located in the Metroplex. The City is bordered by two interstate highways and two toll roads and is less than 15 minutes from both Dallas/Fort Worth International Airport and Dallas Love Field. In addition, the service provided by the Dallas Area Rapid Transit's Light Rail Green Line further enhances Farmers Branch's reputation as a premier transportation hub for north Texas.
The Dallas-Fort Worth metroplex is widely considered one of the top commercial real estate markets in the United States and one of the fastest-growing submarkets in the entire country. Notably a top job market, the Dallas-Fort Worth metroplex features 24 Fortune 500 company headquarters, eight Fortune Global 500 headquarters, and 49 Fortune 1,000 headquarters. The Metroplex has also ranked as the top market for year-over-year job growth, adding over 132,000 jobs in the past 12 months, a 3.3 percent annual increase.
Investment highlights
- 100% Occupied Infill Experiential Retail Portfolio | All NNN Leases
- New Construction Retail Assets | 28,088 Total Rentable SF | Situated on 2.92 Total A
- Staggered Lease Turnover | Annual Increases | Built-In Renewal Options & Percentage Rent
- Strong Demographics | Average HH Income Exceeds $103,000 in a 3-Mile Radius
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