Exchange Professional Center
Multi-Tenant Retail Center : Below Market Rents : Medical Tenants with Long Term Commitment
Marketing description
Exchange Professional Centre is a three-tenant center located in Allen, Texas, a rapidly growing suburban market within Collin County. The property offers 7,812 square feet of retail and office space, with 69 percent occupancy. Currently, the property is anchored by two medical tenants, with Lone Star Kids Care Pediatrics recently renewing its lease for five additional years. Both tenants are secured under triple-net leases, and Allen Always Smiles Orthodontics lease has a personal guarantee. The building was constructed in 2015 and is positioned on a 1.03-acre lot.
The property is located in a prime, high-traffic retail corridor along Exchange Parkway, near the intersection with Alma Drive. With a cumulative daily traffic count of 33,882 vehicles, the property enjoys significant visibility and accessibility. The asset is situated directly across from Sprouts Farmers Market, a high-performing, necessity-based grocer that drives consistent daily traffic to the immediate trade area. Exchange Professional Centre is also conveniently located near key regional drivers, including local school campuses, the Stephen G. Terrell Recreation Center, and Collin College Technical Campus. The area is experiencing continued development, with new residential and retail projects increasing the demand for retail spaces.
Investment highlights
VALUE-ADD ASSET WITH ESSENTIAL SERVICE TENANCY
This multi-tenant retail property offers a heavy value-add opportunity, with 31% vacancy.
CURRENT AVERAGE RENTS ARE WELL BELOW MARKET
Currently 69% occupied with in-place rents below market, providing a clear opportunity to increase occupancy and drive meaningful NOI growth through lease-up and mark-to-market rent adjustments.
MEDICAL TENANTS WITH LONG-TERM COMMITMENT
Both current tenants are in the medical field, with Lone Star Kids Care Pediatrics recently renewing for five years. Allen Always Smiles Orthodontics has more than four years remaining and lease includes annual rent increases.
PROXIMITY TO MAJOR EMPLOYMENT & ECONOMIC DRIVERS
The area is supported by a diverse employment base including Texas Health Presbyterian Hospital, Experian, and financial/technology employers, driving daytime traffic and long-term economic stability.
DYNAMIC DEMOGRAPHICS
Located in a high-growth area, the property benefits from dynamic demographics. Nearby schools, the Stephen G. Terrell Recreation Center, and Collin College Technical Campus also contribute to the area's daily traffic.
HIGHLY AFFLUENT NORTH DALLAS SUBMARKET
Allen ranks among the most desirable communities in Collin County. The average household incomes exceeds $176,014 within a one-mile radius of the property; $154,699 within three miles; and $159,553 within five miles.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
