Listed by SRS National Net Lease Group
$10,401,000
New Costco-Anchored Strip - DFW
Details
Property Type Retail
Sub Type Bank, Restaurant
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
Listed by SRS National Net Lease Group
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Loan Amount
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Annual Debt Service
$--
$--
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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