Creme de la Creme Plaza 2 Retail Properties Offered at $7,345,000 in Allen, TX

Colonial Commercial Real Estate, LLC is pleased to exclusively offer Crème de la Crème Plaza (the “Property”), a 100% leased, 20,671 square foot neighborhood retail center located in Allen, Texas, one of the most affluent and established suburbs in the Dallas/Fort Worth Metroplex. The Property consists of two retail buildings positioned along W. McDermott Drive, an east-west commercial corridor with approximately 37,453 vehicles per day and immediate access to US-75 (North Central Expressway).
The Property benefits from a highly service-oriented, necessity-based tenant mix that is largely recession-resistant and insulated from e-commerce disruption. The tenant mix consist of food, medical, childcare, personal care, and daily-needs users, including Spaza Restaurant, Sayfani Yemeni Coffee, Krossover Barber, Peak Rehabilitation (physical therapy), Dino Kidz (daycare), a pharmacy, salon suites, and a liquor store.
The opportunity offers embedded rent growth upside as current average rents are 28% below market. Approximately 69% of the gross leasable area (GLA) has no remaining renewal options, while an additional 22% of GLA includes renewal options at market rates. As a result, 91% of the Property’s GLA, approximately 37% of which rolls within the first two (2) years, will provide the ability to mark rents to market, creating a clear and measurable path to NOI growth.
The Property is further supported by strong neighborhood demand drivers, including its direct adjacency to a Kroger-anchored shopping center, proximity to multiple Allen ISD schools, and placement within a dense residential trade area characterized by high household incomes and sustained population growth of approximately 4.6% annually.