2960 FM 720, Oak Point, TX 75068

Starbucks Shops, also known as Prestonwood Polo Crossing, is a Class "A" 2023 construction retail center located at 2960 FM 720 in Oak Point, Texas. This 10,877 SF shopping center features a five-tenant lineup with a drive-thru end cap and long-term NNN leases. The property is 100% occupied and offers attractive interest-only assumable financing at 6.012%. The center is strategically positioned with prime frontage on FM 720, visible to over 34,000 vehicles per day with multiple points of ingress and egress.

The property is adjacent to a future national grocery chain, 7-Eleven, and McDonald's, providing great traffic drivers and synergy. Oak Point has experienced rapid population growth, growing over 150% since 2010 and is among the fastest-growing cities in Texas. The area features a strong residential pipeline with over 1,000 homes being built nearby, including the Wildridge Development. The property offers built-in rental growth with 100% of the GLA containing a 10% rental increase within a 3-year hold.

The center was developed by Vaughn Miller of VCM Development, grandson of Texas real estate icon Henry S. Miller, Jr. and son of legendary Texas Real Estate Developer, Vance C. Miller. Vaughn has over 35 years of experience in retail development, having successfully developed over 50 shopping centers during his career.