5600 West University Drive
National Tenants | Prime Growth Corridor | Retail Shopping Center
Marketing description
West Side Village Shopping Center is a newly constructed, institutional-quality neighborhood retail center located at 5600 W. University Drive (US-380) in the heart of Prosper, Texas—one of the fastest-growing communities in the Dallas-Fort Worth Metroplex. Delivered in 2025, the property consists of 14,000 square feet across 8 suites on approximately 1.78 acres, featuring modern masonry construction, abundant parking, and exceptional visibility along one of North Texas' busiest commercial corridors.
The center is 91% leased to a complementary mix of national, regional, and local retailers, including Nothing Bundt Cakes, Ideal Dental, School of Rock, The Tutoring Center, Blue Agave Nail Lounge, Creamology, and Inti Ruchulu Foods. A seller master lease provides income support on the remaining suite, creating immediate cash flow while preserving future upside through lease-up.
Strategically positioned directly on US-380 (±60,856 VPD), the property sits within Prosper's premier retail corridor alongside Costco, H-E-B, Home Depot, Walmart, Academy Sports, Starbucks, Chick-fil-A, McDonald's, Kroger, and numerous national retailers, benefiting from exceptional traffic counts, affluent demographics, and explosive residential growth.
Investment highlights
- Brand-New 2025 Construction – Institutional-quality masonry retail center requiring minimal near-term capital expenditures.
- 91% Occupied with Immediate Cash Flow – Stable income with seller master lease covering the remaining suite while preserving lease-up upside.
- Strong In-Place NOI – $568,210 annual NOI with an attractive 5.94% cap rate.
- Triple-Net (NNN) Lease Structure – Tenants reimburse operating expenses, reducing landlord responsibilities and maximizing passive ownership.
- Excellent Tenant Mix – Diverse service-oriented, medical, education, restaurant, dessert, and entertainment tenants resistant to e-commerce disruption.
- Long-Term Lease Stability – Weighted average lease term of approximately 7.4 years with no lease rollover until 2030.
- Premier US-380 Frontage – Direct frontage along one of North Texas' fastest-growing retail corridors with approximately 60,856 vehicles per day.
- Surrounded by National Retailers – Adjacent to Costco, H-E-B, Home Depot, Walmart, Academy Sports, Starbucks, Chick-fil-A, Kroger, Dutch Bros, Raising Cane's, Panera, and many more.
- High Barrier-to-Entry Market – Located in Prosper, one of the nation's fastest-growing and highest-income communities with approximately 168,323 residents within five miles and an average household income of approximately $177,000.
- Strong Population & Housing Growth – Prosper continues to experience rapid residential development, creating sustained demand for neighborhood retail and service businesses.
- Fee Simple Ownership – Investor acquires the real estate with long-term appreciation potential in one of DFW's most desirable submarkets.
- Excellent Visibility & Access – Signalized intersection, multiple access points, ample parking, and outstanding exposure to daily commuter traffic.
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