Compass Dallas
Listed by Compass Dallas
$300,000
125 W Princeton Dr #400
Details
Property Type Retail, Office
Sub Type Storefront, Shopping Center
Square Footage 1,050
Units 3
Cap Rate 7.25%
NOI $22,050
Occupancy 100%
Tenancy Single
Lease Term 3
Lease Expiration 01/31/2028
Remaining Term 1.5
Rent Bumps Yes
Lease Options (1) 5 year option to renew at FMV
Price per SqFt $285
Class C
Year Built 2005
Year Renovated 2014, 2025
Stories 1
Acreage 0.700
Zoning C1
Parking Spaces 0 per 1,000 sq ft
Investment Type Owner/User
Lease Commencement 02/01/2025
Ground Lease No
Ceiling Height 12
Retail | 7.25% CAP | 1,050 SqFt
Marketing description
The unit features an open-span layout offering exceptional flexibility for a variety of uses. It boasts 12' ceilings, heating and air, electricity, plumbing, one restroom, and an installed fire suppression system. Located in Princeton, one of the nation's top five fastest-growing cities for 2024, this property offers strong potential for a wide range of users.
Investment highlights
- Current tenant lease maturity 1/31/2028
- (1) 36 month option to extend at fair market rent
- Excellent sign visibility on the building.
- 36,000+ daily vehicle count
- Population has grown by 166% since 2020 with current population of 46,000+ according to worldpopulationreview.com
- 7.25% actual cap rate
- $22,050 NOI
Listing Contacts
Compass Dallas
Listed by Compass Dallas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,050.00
$1,837.50/mo
Valuation Metrics
0
DSCR
7.35%
Cap Rate
7.35%
ROI
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