www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31271147
31271148

2960 Farm to Market Rd 720, Oak Point, TX 75068

HL
TX TX 724882
Summit Real Estate
JV
TX TX 512565
Summit Real Estate
Listed by Summit Real Estate
$6,400,000
93 days on market
Updated 88 days ago

Starbucks Shops

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 10,877
Cap Rate 6%
NOI $383,867
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks
Lease Type NNN
Price per SqFt $588
Year Built 2023
Buildings 1
Stories 1
Acreage 1.690

2023 Construction 5 Tenant Strip | Drive-Thru End Cap | Assumable Interest Only Financing at 6.012%

Investment highlights

10,877 SF Class “A” 2023 Construction Retail Center

Five-Tenant Lineup & Drive-Thru End Cap | Long Term NNN Leases

Average Rent is Extremely Replaceable at Only $35/SF | Several Comparable Projects in Trade Area Leasing Well Over $40/SF

Built-In Rental Growth | 100% of GLA Contains 10% Rental Increase Within 3 Year Hold

Attractive Assumable Financing at 6.012% - See Page 7 for more Details

Adjacent to 7-Eleven & McDonald’s – Great Traffic Drivers & Synergy

Prime Frontage on FM 720 | Visible to Over 34,000 Vehicles per day & Multiple Points of Ingress & Egress

Rapid Population Growth | Oak Point Has Grown Over 150% Since 2010 & is Among the Fastest Growing Cities in Texas

Strong Residential Pipeline| Over 1,000 Homes being Built Nearby Including Wildridge Development

Listing Contacts

HL
TX TX 724882
Summit Real Estate
JV
TX TX 512565
Summit Real Estate
Listed by Summit Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$383,867.00
$31,988.92/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

Intelligence Badge
PD-11 PlannedPlanned Development District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 53 uses
View all 53 uses
Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Hudson Lambert
License
TX 724882
Brokerage Phone
6029303833
Name
Jason Vitorino
License
TX 512565
Brokerage Phone
972-860-1966
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591