Listed by SRS National Net Lease Group
$10,200,000
5720 West University Drive
Details
Property Type Retail
Sub Type Bank, Storefront
Square Footage 13,774
Net Rentable (SqFt) 13,774
Units 5
Cap Rate 5.86%
NOI $598,103
Occupancy 100%
Tenancy Multi
Brand/Tenant Navy Federal Credit Union
Lease Type NNN
Lease Term 10
Lease Expiration 06/30/2036
Remaining Term 10
Rent Bumps Yes
Lease Options Yes - Varied
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 1.700
Zoning Commercial
Parking Spaces 5 per 1,000 sq ft
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2026
Ground Lease No
Sale Condition 1031 exchange
New Costco-Anchored Strip | 10-Year Leases | 97k Pop and $180k HHI | Above-Market Rental Increases
Marketing description
Westside Gateway at 5720 West University Drive (US 380), Prosper, TX 75078 presents a premier opportunity to acquire a brand-new, 100% occupied five-tenant retail strip center in one of North Texas’ fastest-growing trade areas. Positioned at the signalized NEC of US 380 and FM 1385, this newly delivered ~13,774 SF asset sits directly adjacent to Costco, creating exceptional crossover traffic from one of the nation’s strongest retail anchors.
The center features a diverse, service-oriented tenant mix including 85°C Bakery Café, Rose Couture Nail Bar, Gold Rush, Navy Federal Credit Union, and one lease-pending suite, all structured with 10-year NNN leases that help minimize landlord responsibilities while providing stable cash flow and built-in rent growth.
Surrounded by major regional draws including H-E-B, Walmart, Kroger Marketplace, PGA Frisco, and Universal Kids Resort, the property benefits from outstanding visibility, strong access, and more than 63,800 vehicles per day at the intersection. With affluent demographics of nearly 97,000 residents and average household income of approximately $180,000 within three miles, Westside Gateway is strategically positioned to capitalize on sustained residential, retail, and infrastructure growth across the booming US 380 corridor.
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
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Annual Cash Flow
$598,103.00
$49,841.92/mo
Valuation Metrics
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DSCR
5.86%
Cap Rate
5.86%
ROI
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