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Legacy Retail 10050 Legacy Dr 21,391 SF 86% Leased Retail Building Frisco, TX 75033 $9,719,000 ($454.35/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- 21,391SF Neighborhood Retail Center at the Entrance to the +/-$3B Railhead Development in the Booming & Affluent Submarket of Frisco, TX (DFW)
- Thriving Retail Trade Area with Over 3.4MM SF of Retail GLA in a 2-Mile Radius
- Average Household Income Exceeds $175,300 & $186,100 in a 1 & 3 Mile Radius, Respectively
- Below-Market Rents of $28.17 PSF NNN; Comparable Retail Space in the Area is Leasing in the High $30’s to $40’s PSF NNN
- Average Base Lease Term Expiration of February 2028 with Three (3) of Five (5) Tenants Experiencing Rent Bumps During Primary Term
- Median Home Prices for Adjacent Neighborhoods are $1,MM+ at Shaddock Creek Estates and $840,000 at Heather Ridge Estates
EXECUTIVE SUMMARY
Legacy Retail Center is a 21,391 square foot retail center located along Legacy Drive, west of the Dallas North Tollway situated approximately 30 minutes due north of Downtown Dallas in the affluent DFW submarket of Frisco, Texas. The Property is leased to a complementary mix of healthcare, wellness, and home improvement services tenants including City Salon Suites & Spa, Pella Windows & Doors, Metroplex Medical Centres, and West Frisco Dental & Implants. The average base lease expiration is February 2028 with three (3) of five (5) tenants experiencing rent escalations during their primary terms. Rents average $28.17 PSF NNN with comparable new construction retail space in the area quoting in the upper $30’s and $40’s. Legacy Retail Center benefits from excellent visibility along Legacy Drive with neighboring national tenant retailers in close proximity, including HEB, Super Target, Petco, BestBuy, Costco Wholesale, Wells Fargo, Bank of America, Chick-fil-a, Ulta Beauty, and Market Street amongst others.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,391 SF
Building Class
B
Year Built
2016
Price
$9,719,000
Price Per SF
$454.35
Cap Rate
6.20%
NOI
$602,586
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
1.31 AC
Zoning
C-1 - Commercial Uses
Frontage
318’ on Legacy Drive
AMENITIES
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former behavioral health center.
| Space | Size | Space Use | Position | Available |
| 200 | 2,975 SF | Retail | End Cap | Now |
200
| Size |
| 2,975 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
200
| Size | 2,975 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Former behavioral health center.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R580328 | Improvements Assessment | $5,054,421 |
| Land Assessment | $1,675,579 | Total Assessment | $6,730,000 |
PROPERTY TAXES
Parcel Number
R580328
Land Assessment
$1,675,579
Improvements Assessment
$5,054,421
Total Assessment
$6,730,000
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Legacy Retail | 10050 Legacy Dr
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