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Ownsby Pkwy & Preston Rd
Celina, TX 75009
STNL Bojangles - The Village at Ownsby Farms · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Brand New 2025 Construction
- 15-Year Initial Term with Five 5-Year Renewal Options
- Population +83,800 in 5 Miles with 16.38% Annual Population Growth Rate
- Absolute NNN Ground Lease
- 10% Rent Increases Every 5 Years
- +$216,800 Avg HHI in 1 Mile Radius, Higher than the National Average
EXECUTIVE SUMMARY
Bojangles is a brand new 2025 construction single tenant QSR investment opportunity strategically positioned in the heart of The Village at Ownsby Farms, one of Celina’s newest and largest retail destinations. Situated within the +100 acre master-planned retail development, Bojangles is shadow anchored by Costco and Academy Sports, with Lowe’s, EoS and Home Depot directly across the street. The 15-Year Absolute NNN ground lease includes five 5-year renewal options, providing up to 40 years of potential tenancy, and 10% rent increases every 5 years allowing predictable, compounding cash flow.
Celina, TX is booming – the city ranked 4th fastest growing city in the US, according to the 2025 Census Bureau. The 5-mile population is +83,800 with a 16.38% annual population growth rate and average household income exceeding $200k. The subject property is within a dense retail corridor with national tenants Target, Walmart Supercenter, Hobby Lobby, Dick’s Sporting Goods and Kohl’s. It’s immersed among 8 major master-planned communities within a 10-mile radius, exceeding 8,000 acres combined. The Village at Ownsby Farms is poised to be a hotspot retail destination among flourishing residential developments in the surrounding Celina area.
Watch Property Video: https://vimeo.com/1145224233
Celina, TX is booming – the city ranked 4th fastest growing city in the US, according to the 2025 Census Bureau. The 5-mile population is +83,800 with a 16.38% annual population growth rate and average household income exceeding $200k. The subject property is within a dense retail corridor with national tenants Target, Walmart Supercenter, Hobby Lobby, Dick’s Sporting Goods and Kohl’s. It’s immersed among 8 major master-planned communities within a 10-mile radius, exceeding 8,000 acres combined. The Village at Ownsby Farms is poised to be a hotspot retail destination among flourishing residential developments in the surrounding Celina area.
Watch Property Video: https://vimeo.com/1145224233
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
3,138 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$2,380,951
Price Per SF
$758.75
Cap Rate
5.25%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.05 AC
Parking
32 Spaces (10.2 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | R-12837-00A-0020-1 | Improvements Assessment | $412,500 |
| Land Assessment | $14,076,850 | Total Assessment | $14,489,350 |
PROPERTY TAXES
Parcel Number
R-12837-00A-0020-1
Land Assessment
$14,076,850
Improvements Assessment
$412,500
Total Assessment
$14,489,350
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