Sunnyvale Park Square
Retail | 7.00% CAP | 23,668 SqFt
Marketing description
Sunnyvale Park Square is an institutional-quality Class "A" mixed-use development located in Sunnyvale, Texas, featuring a diverse tenant mix comprised of retail, medical, and general office users. Built in 2019, this 100% occupied asset offers predominantly NNN lease structures with limited landlord responsibilities and stable operations. The property features a professionally designed courtyard amenity area that enhances tenant experience and provides additional income potential through events. The development benefits from excellent regional accessibility with convenient access to HWY 80, Interstate 635, and Interstate 30, and is surrounded by major national retailers including Chick-fil-A, Whataburger, Starbucks, Tom Thumb, Panda Express, and numerous additional daily-traffic drivers. The synergistic tenant ecosystem creates cross-traffic and enhances overall tenant appeal throughout the development.
Investment highlights
- Attractive 7.00% Going-In Cap Rate | New 2019 Construction with Strong In-Place Cash Flow
- Institutional-Quality Class "A" Mixed-Use Development | Diverse Tenant Mix Comprised of Retail, Medical, and General Office Users
- 100% Occupied Asset with Predominantly NNN Lease Structures | Limited Landlord Responsibilities and Stable Operations
- Professionally Designed Courtyard Amenity Area | Enhances Tenant Experience and Provides Additional Income Potential Through Events
- Affluent Demographics | Average Household Income Exceeds $192,144 Within a 1-Mile Radius, more than 2X the National Average
- Excellent Regional Accessibility | Convenient Access to HWY 80, Interstate 635, and Interstate 30
- Surrounded by Major National Retailers Including Chick-fil-A, Whataburger, Starbucks, Tom Thumb, Panda Express, and Numerous Additional Daily-Traffic Drivers
- Synergistic Tenant Ecosystem | Blend of Retail and Office Users Creates Cross-Traffic and Enhances Overall Tenant Appeal Throughout the Development
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