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Northwest Plaza V 3851 Long Prairie Rd 12,759 SF 100% Leased Retail Building Flower Mound, TX 75028 $6,300,000 ($493.77/SF) 6.29% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Stabilized 11,024 SF Retail Strip on NNN Leases with Ability to Lease Up Vacant 2nd Story 1,735 SF
  • Value-Add Opportunity Leasing 2nd Floor Suite | Ability to Increase NOI
  • Average Rent is Only $32/SF | Comparable Shop Space Leasing for $36/SF-$38/SF
  • Outstanding Demographics | Over $177,000 Average Household Income in a 1 Mile Radius – Double the National Average

EXECUTIVE SUMMARY

3851 Long Prairie Road presents a compelling investment opportunity to acquire a stabilized, income-producing retail and office property in a proven suburban market. The two-story ±12,759 square foot building is well configured for medical and professional service users and benefits from a history of stable, serviceoriented tenancy. The asset offers efficient layouts, on-site parking, and durable construction that supports long-term operations and tenant retention. With established occupancy and functional design, the property is positioned to deliver reliable cash flow and attractive long-term investment performance.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,759 SF
Building Class
B
Year Built
2006
Price
$6,300,000
Price Per SF
$493.77
Cap Rate
6.29%
NOI
$396,163
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
1.04 AC
Zoning
PD66
Parking
24 Spaces (1.88 Spaces per 1,000 SF Leased)
Frontage
250’ on Long Prairie Road

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Anabelle's
  • Retailer
  • -
  • -
  • Triple Net
  • Mar 2027
  • Flower Mound Eye Care
  • Health Care and Social Assistance
  • -
  • -
  • Triple Net
  • -
  • Educational Services
  • -
  • -
  • Triple Net
  • Feb 2029

The Gideon Math & Reading keeps your child's education on track with affordable learning systems that work for children. With the world moving to online learning, children lose the personalized feedback from teachers and reading and math tutors, holding back development. While technology is often helpful, studies prove that pencil and paper are still the best way to remember and master math and reading skills and all types of learning. School doesn’t slow down no matter how far behind your child is in math or reading, especially in their new digital learning environment. They know you want to be confident in your child’s education. To do that, you need a system designed to keep your child’s learning on track. The problem is online learning and school schedules make it difficult to know how your child is doing, which worries you. At their renowned math and reading centers, they believe keeping up with your child’s education shouldn’t be difficult.

  • Accommodation and Food Services
  • 3,200 SF
  • -
  • Triple Net
  • -

Schlotzsky’s opened in 1971 with a small restaurant on South Congress Ave. in Austin, Texas. Back then, they served only one sandwich — The Original. A unique combination of 13 ingredients served on toasted house-made sourdough bread. The Original, a sandwich as unique as the Schlotzsky’s name, is still served to this day, over 45 years later. Schlotzsky’s now spans across 35 states and has expanded their menu to serve up toasted sandwiches, artisan flatbreads, specialty pizzas, sliders, tacos, freshly tossed salads, gourmet soups and more. Schlotzsky’s is owned by Atlanta-based FOCUS Brands Inc., the franchisor and operator of over 5.5K Carvel, Cinnabon, Schlotzsky’s, Moe’s Southwest Grill, Auntie Anne’s, McAlister’s Deli and Seattle’s Best Coffee on certain military bases and in certain international markets.

  • Tsunami Sushi & Grill
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Apr 2030
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Anabelle's Retailer - - Triple Net Mar 2027
Flower Mound Eye Care Health Care and Social Assistance - - Triple Net -
Educational Services - - Triple Net Feb 2029
Accommodation and Food Services 3,200 SF - Triple Net -
Tsunami Sushi & Grill Accommodation and Food Services - - Triple Net Apr 2030
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Stretchlab
Kroger
Market Street
Fort Worth Community Credit Union
Starbucks
PNC Bank
Curry Up Now
Everbowl
MOOYAH Burgers, Fries & Shakes
Texas Roadhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R288379
Land Assessment
$1,091,448
Improvements Assessment
$3,008,552
Total Assessment
$4,100,000
  • Listing ID: 39015050

  • Date on Market: 1/8/2026

  • Last Updated:

  • Address: 3851 Long Prairie Rd, Flower Mound, TX 75028

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