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University Plaza 1221 E University Dr 15,246 SF of 4-Star Retail Space Available in Prosper, TX 75078
Highlights
- New Construction
- Frontage on US-380/University Dr
- Adjacent to the Gates of Prosper
- Seeking retail and medical users
- Easy access to Preston Rd & Dallas North Tollway
- Surrounded by new development
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 15,246 SF | Negotiable | $44.00 /SF/YR $3.67 /SF/MO $670,824 /YR $55,902 /MO | Triple Net (NNN) |
1st Floor
Prime retail/medical leasing opportunity featuring new construction in the heart of Prosper. High-exposure location with direct frontage on US-380, convenient access to Preston Rd and the Dallas North Tollway, and surrounded by major retail, residential developments, and national retailers. Perfect for medical, dental, wellness, restaurant, retail, and professional office users.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Corner Space
- City Views
- Premium fit out
- Lots of Natural Light
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 15,246 SF | Gross Leasable Area | 15,246 SF |
| Property Type | Retail | Year Built | 2025 |
| Total Space Available | 15,246 SF |
| Property Type | Retail |
| Gross Leasable Area | 15,246 SF |
| Year Built | 2025 |
About the Property
New construction retail and medical Shell space available at 1221 E University Drive in Prosper, Texas. This property features approximately 15,246 square feet with an estimated delivery of September 2025. The site offers excellent visibility with frontage on US-380/University Drive, which sees 43,892 vehicles per day, and provides easy access to Preston Road and the Dallas North Tollway. The property is adjacent to the Gates of Prosper and surrounded by new development in one of the fastest-growing areas in North Texas.
Nearby Major Retailers
Contact the Leasing Agent
University Plaza | 1221 E University Dr