Lakeshore Crossing II
64.7% Occupied | Under Market Rents
Marketing description
DUWEST Investment Sales is pleased to present the opportunity to acquire LakeshoreCrossing II, a 16,420 SF multi-tenant retail center positioned along the W. Eldorado Pkwycorridor in Little Elm — one of the fastest-growing communities in the Dallas–Fort Worthmetroplex. The center is currently 64.7% leased (10,630 SF) to six established operatorson triple-net (NNN) leases, generating $200,938 of in-place net operating income.
The tenant mix spans dining, service, and daily-needs categories — Jimmy's Big Burgers,Dickey's Barbecue Pit, Indraprastha Indian Kitchen, Almost Home Taphouse, EnterpriseRent-A-Car, and Margarita Hut — each contributing durable, NNN income withcontractual annual escalations.
Lakeshore Crossing II pairs in-place cash flow with a defined, near-term value-creationpath. Lease-up of the two vacant suites (5,790 SF / 35.3%) is projected to grow NOI from$200,938 to $394,365 — an increase of more than 96% — allowing an incoming investorto acquire below replacement cost and capture upside in a supply-constrained, high-growth North DFW submarket.
Investment highlights
- Value-Add opportunity with 35.3% vacancy, offering the potential to increase NOI by 96% through lease-up.
- Six established NNN tenants spanning dining, service, and daily-needs retail provide diversified in-place cash flow with contractual annual rent escalations.
- Located along the high-growth Eldorado Parkway (42,247 VPD) corridor in Little Elm, one of North DFW's fastestgrowing communities, surrounded by affluent residential growth.
- Below-market in-place rents averaging $24.19 PSF NNN provide additional mark-to-market upside as leases roll and vacant suites are leased.
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