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1710 FM 423
Little Elm, TX 75068
Creekside Crossing · Retail Property For Sale
Investment Highlights
- 100% Leased Retail Asset Located in the High-Growth, Affluent Northern DFW Submarket of Frisco, Texas
- Positioned off the Heavily Trafficked Intersection of FM 423 & Main Street (91,600+ VPD)
- Average Household Income Exceeds $160,500 & $170,900 in a 1 & 3 Mile Radii, Respectively
- 2019 Construction with Average Lease Expiration of January 2029; All Tenants Experience One, 5-Year Renewal Option
- In-Place Rents Average Only $32.47 PSF NNN which is Below Market for Comparable Retail Space in the Area
- Benefits from a Large 1.94 Acre Parcel, Highly Visible Monument Sign & Cross Access to Neighboring Properties
Property Facts
Property Type
Retail
Property Subtype
Building Size
18,264 SF
Building Class
B
Year Built
2019
Percent Leased
42%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.94 AC
Zoning
Commercial - Commercial
Parking
76 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
219’ on Farm to Market Road 423
Property Taxes
| Parcel Number | R965533 | Improvements Assessment | $6,019,652 |
| Land Assessment | $1,691,348 | Total Assessment | $7,711,000 |
Property Taxes
Parcel Number
R965533
Land Assessment
$1,691,348
Improvements Assessment
$6,019,652
Total Assessment
$7,711,000
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