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33623068
33623069

5720 West University Drive, Prosper, TX 75078

RD
CA 02082187
SRS National Net Lease Group
CK
CA CA License No. 00947314, NV NV License No. S.0174447 (+1)
SRS National Net Lease Group
Listed by SRS National Net Lease Group
$10,401,000
1 day on market
Updated 0 days ago

New Costco-Anchored Strip - DFW

Details
Property Type Retail
Sub Type Bank, Restaurant (+1)
Square Footage 13,774
Cap Rate 5.75%
NOI $598,103
Occupancy 100%
Tenancy Multi
Brand/Tenant Navy Federal Credit Union
Lease Type NNN
Year Built 2026
Acreage 1.700
Investment Type Net Lease
Ground Lease No

New Costco-Anchored Strip | 10-Year Leases | 97k Pop and $180k HHI in 3-Miles

Investment highlights

Brand-New Costco-Anchored Strip Center | 10-Year NNN Leases | Fee Simple Ownership

  • Opportunity to acquire a newly constructed five-tenant strip center located at the signalized intersection of US 380 and FM 1385 in Prosper, Texas, one of the fastest-growing communities in the Dallas-Fort Worth Metroplex
  • Tenants operate under NNN lease structures, minimizing landlord expense obligations and providing stable cash flow
  • Newly delivered construction featuring modern design, attractive storefronts, and existing building and roof warranties

Directly Adjacent to Costco | Dominant Regional Traffic Driver

  • Located immediately adjacent to Costco Wholesale, one of the strongest retail traffic generators in North America
  • Benefits from daily consumer visits generated by Costco, creating recurring crossover traffic for the subject tenants
  • Positioned within a rapidly expanding retail node featuring H-E-B, Walmart, Kroger Marketplace, Sprouts, Academy Sports, Chick-fil-A, Starbucks, Dutch Bros, Whataburger, and numerous additional national retailers
  • One of the closest multi-tenant retail assets to the Costco entrance & parking field

Located Along the US 380 Growth Corridor | Billions in Public & Private Investment

  • Situated at the intersection of US 380 and FM 1385, one of the most significant growth corridors in North Texas
  • Benefiting from substantial regional transportation improvements including the widening of FM 1385 and long-term US 380 corridor expansion projects, with both roads exapanding to 6-lanes
  • Surrounding area continues to experience significant residential, retail, hospitality, and infrastructure investment
  • Positioned to benefit from future increases in traffic volume, accessibility, and population growth throughout the corridor

Exceptional Demographics | Among the Most Affluent Trade Areas in Texas

  • Average household income exceeds $177,000 within 5 miles and is projected to surpass $193,000 by 2030
  • Over 15,600 residents and ~170k HHI within 1-mile and over 98k residents with ~$180k HHI within 3-miles of the subject property
  • Trade area supported by some of the highest-income master-planned communities in North Texas

Surrounded by Major Regional Demand Drivers

  • Approximately 3 miles from PGA Frisco, the 660-acre headquarters campus of the PGA of America featuring championship golf courses, Omni PGA Resort, entertainment venues, dining destinations, and corporate events
  • Approximately 5 miles from Universal Kids Resort, Universal’s first theme park specifically designed for families with young children, which opened in June 2026
  • Near numerous employment centers, healthcare facilities, hospitality projects, and entertainment destinations driving sustained consumer demand
  • Down the road from Fields Development, a new 2,500+ acre master-planned legacy project that is projected to represent $10-$15 Billion dollars of value at full completion
  • Located within one of the most desirable residential and commercial growth markets in the Dallas-Fort Worth Metroplex

Strong Traffic Counts | Excellent Visibility & Access

  • More than 63,800 vehicles pass the intersection of US 380 and FM 1385 daily
  • Signalized intersection with excellent visibility from University Drive (US 380)
  • Prominent monument signage provides strong tenant exposure
  • Multiple ingress and egress points with convenient customer access
  • Robust parking ratio of approximately 5 stalls per 1,000 square feet

Diverse Service-Oriented Tenant Mix | Internet-Resistant Uses

  • Complementary mix of retail, financial services, personal care, food service, and specialty retail tenants
  • The center is anchored by Navy Federal Credit Union, the world’s largest credit union serving more than 15 million members globally
  • Service-oriented and experiential uses provide strong insulation from e-commerce competition
  • Suite sizes ranging from approximately 1,100 SF to 4,000 SF provide long-term leasing flexibility and broad tenant demand

Located Within the Nation’s Fourth-Largest Metropolitan Area

  • Dallas-Fort Worth is the largest metropolitan area in Texas and one of the strongest economic regions in the United States
  • Home to numerous Fortune 500 headquarters, major employers, and one of the fastest-growing populations in the country
  • Consistent corporate relocation activity continues to drive employment, housing demand, and retail growth
  • Texas remains one of the nation’s most business-friendly states with no state income tax

Listing Contacts

RD
CA 02082187
SRS National Net Lease Group
CK
CA CA License No. 00947314, NV NV License No. S.0174447 (+1)
SRS National Net Lease Group
Listed by SRS National Net Lease Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$598,103.00
$49,841.92/mo

Valuation Metrics

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DSCR
5.75%
Cap Rate
5.75%
ROI

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