Watters Village II 945 W Stacy Rd 19,141 SF 100% Leased Retail Building Allen, TX 75013 $9,247,000 ($483.10/SF) 6% Cap Rate

Watters Village II is a 19,141 square foot masonry construction retail asset situated on 2.12 acres in the affluent, high growth city of Allen, Texas. Watters Village II is located approximately 30 minutes north of Downtown Dallas with close proximity to major Texas thoroughfares, US-75 and TX-121 (Sam Rayburn Tollway). Located on the well-traveled Stacy Road corridor with traffic volumes exceeding 41,900 vehicles per day, the Property benefits from parallel positioning with excellent visibility along Stacy Road, a two sided monument sign, an average suite size of 2,127 SF and shallow bay depth. The Property is 100% leased to a complementary tenant mix of service, health & wellness and restaurant with an average base lease term expiration of December 2028. Rents average only $28.99 PSF NNN, with comparable retail space in the area leasing from $35 - $40 PSF NNN. Watters Village II benefits from exceptional demographics with average household income exceeding $237,800, $164,000 and $167,100 within a 1, 3 and 5-mile radii, respectively. Notable national retailers in the immediate area include Walmart, Target, Whole Foods, Dicks Sporting Goods, Best Buy, Nike, Under Armor, West Elm, H&M and Cabela’s among others.