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US 380 & Magnolia 26784 E University Dr 2,157 - 10,786 SF of 4-Star Retail Space Available in Little Elm, TX 75068
Highlights
- Hard southwest corner of US 380 and Magnolia Blvd
- Type V-B sprinklered, medical parking ratios
- TxDOT 380 expansion completes same quarter
- 60,000+ VPD on US 380
- o monument signs plus storefront signage
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 100-140 | 2,157-10,786 SF | 14’ - 16’ | 5-10 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 100-140
Brand new medical and professional retail building delivering 2027 at the hard SWC of US 380 and Magnolia Boulevard in Little Elm. 10,786 SF total across 5 demised suites, divisible from 2,157 SF up to full building as a single anchor tenant. End-cap suites feature patio frontage and individual canopies. Built to medical-use parking ratios. Type V-B sprinklered construction. Two monument signs (one per frontage) plus storefront signage at every suite. $38 to $42 PSF NNN depending on suite size and term. First-mover signings get pre-stabilization pricing and merchandising input. TxDOT 6-lane US 380 expansion completes the same quarter the building delivers, providing direct frontage on a 60K+ VPD corridor. Trade area: Little Elm at 68K residents (+44.5% since 2020 Census), $119K median HHI, 35.4 median age, ~90K buildout target. Underserved on comparable medical product. Three of the largest pediatric and hospital-system operators in DFW have committed capital to this corridor in the last 24 months: Cook Children's Medical Center North at Windsong + US 380, Children's Health PM Pediatric Urgent Care at Tollway + US 380, and Methodist Legacy ER + UC at 211 W Frontier in Prosper.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Anchor Space
- Corner Space
- High Ceilings
- Finished Ceilings: 14’ - 16’
- DDA Compliant
- Hard corner at US 380 + Magnolia
- 60,000+ VPD on US 380
- Two monument signs
- Built to medical parking ratios
- TxDOT 380 expansion completes same quarter
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 | 10,786 SF | Gross Leasable Area | 10,786 SF |
| Min. Divisible | 2,157 SF | Year Built | 2027 |
| Property Type | Retail | Parking Ratio | 5.5/1,000 SF |
| Property Subtype | Storefront Retail/Office | Construction Status | Under Construction |
| Total Space Available | 10,786 SF |
| Min. Divisible | 2,157 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 10,786 SF |
| Year Built | 2027 |
| Parking Ratio | 5.5/1,000 SF |
| Construction Status | Under Construction |
About the Property
Magnolia / US 380 is a new ground-up medical and professional retail development at the hard southwest corner of US 380 and Magnolia Boulevard in Little Elm. Building B delivers 2027 at 10,786 SF across 1-5 demised suites, with divisibility from 2,157 SF up to full building as a single anchor tenant. The building is purpose-built for medical, professional, and service retail uses with type V-B sprinklered construction, individual storefront canopies, two monument signs, and parking ratios sized to medical use. End-cap suites include patio frontage. Hard corner exposure on US 380 (60K+ VPD) with the TxDOT 6-lane expansion completing the same quarter the building delivers. Trade area is Little Elm and the southern Prosper / Hollyhock catchment, with 68K current residents (+44.5% since the 2020 Census), $119K median household income, 35.4 median age, and approximately 90K buildout target.
Nearby Major Retailers
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US 380 & Magnolia | 26784 E University Dr
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