1601 Cross Timbers Road
VALUE ADD SHOPPING CENTER - PRIME LOCATION (60% Leased)
Marketing description
1601 Cross Timbers Road is a premier 16,959-square-foot retail center strategically positioned at the signalized hard corner of Cross Timbers Road and Arrowhead Drive in the heart of Flower Mound, Texas. Constructed in 2024 and situated on approximately 1.94 acres, the property features modern architecture, premium storefront design, ample parking, and exceptional visibility, creating an attractive destination for retail, medical, and service-oriented businesses. The center currently consists of 10,000 square feet leased to a corporate-guaranteed TotalCare Emergency Room, with an additional 6,959 square feet of divisible space available for immediate lease-up, offering investors stable in-place income and meaningful upside through future leasing activity.
The property is located within one of the most affluent and fastest-growing communities in the Dallas-Fort Worth Metroplex. Positioned directly across from Parker Square and surrounded by nationally recognized retailers including Kroger, Sprouts Farmers Market, CVS Pharmacy, Chase Bank, PNC Bank, Lifetime Fitness, and numerous restaurants and medical providers, the center benefits from outstanding consumer traffic and strong daily demand. Cross Timbers Road carries more than 31,900 vehicles per day, while the surrounding trade area includes more than 116,000 residents within three miles and average household incomes exceeding $160,000.
With its premier hard-corner location, corporate-guaranteed tenancy, modern construction, and value-add lease-up opportunity, 1601 Cross Timbers Road represents a rare investment opportunity combining stable cash flow with long-term appreciation potential in one of North Texas' most desirable retail markets.
Investment highlights
16,953-Square-Foot Newly Constructed Retail Center Completed in 2026
Premier Signalized Hard Corner Location at Cross Timbers Road & Arrowhead Drive in Flower Mound
Corporate-Guaranteed TotalCare Emergency Room Occupies 10,000 SF Providing Stable In-Place Income
Immediate Value-Add Opportunity Through Lease-Up of 6,959 SF of Divisible Retail, Medical, or Service Space
Excellent Visibility with More Than 31,900 Vehicles Per Day Along Cross Timbers Road
Located Directly Across from Parker Square, Flower Mound's Premier Retail and Dining Destination
Surrounded by National Retailers Including Kroger, Sprouts, CVS, Chase Bank, PNC Bank, Lifetime Fitness, and Numerous Restaurants
Affluent Demographics with More Than 116,000 Residents and Average Household Income Exceeding $160,000 Within Three Miles
Modern Construction Featuring Premium Architectural Finishes and Minimal Near-Term Capital Expenditure Requirements
Excellent Regional Accessibility via FM 2499, SH 121, and I-35E
Positioned Within One of Denton County's Strongest Retail Corridors with Continued Residential and Commercial Growth
Ideal Combination of Stable Corporate Income and Future NOI Growth Through Lease Stabilization
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