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The Station II 5415-5421 The Station Blvd 18,040 SF 100% Leased Retail Building Sachse, TX 75048 $15,365,986 CAD ($851.77 CAD/SF) 6% Cap Rate
Investment Highlights
- Part of Massive $500M Mixed-Used Master Planned Development -- The Station
- Strong Mix of Corporate Level Credit And Beloved Local Restaurant & Service Tenants
- Affluent Surrounding Residential Population With Average HH Income of $193,408 (3 Miles)
- High Traffic Counts & Visibility Along PGBT (101,759 VPD)
- Sachse, TX -- Epicenter of Economic Development & Investment
- 7.6 Year WALT Featuring Embedded Cash Flow Growth
Executive Summary
DuWest Realty Investment Services is pleased to Present for Sale The Station Phase II ("The Property") located in Sachse, TX, featuring 18,040 SF across two buildings in the heart of The Station's master planned development. The Property is part of a $500 million mixed use development that spans 134 acres and includes a 34 acre park, over 1,000 residential units and a range of retail, dining, and entertainment offerings. The Property is 100% occupied by six quality tenants with a 7.6 year WALT.
The Station Phase II features new, high-quality construction in a rapidly growing DFW submarket. In addition to the healthy rent levels, the tenant line-up features a perfect mix of service, dining and medical users. More than ever, we are seeing investor demand for medical retail tenants. Given the significant c apital i nvested i nto their buildouts, they become "sticky" creating long-term stability in the tenant line up. In addition, the restaurant concepts in the center are corporately backed, strong regional operators, all of which are on a rapid expansion trajectory throughout DFW. Notably, Nation’s Hamburgers selected this site as one of its first l ocations outside of California, a testament to both the strength of the center and the compelling growth story of the Sachse and greater DFW markets.
Sachse specifically is a rapidly growing suburb located in Collin and Dallas Counties, the epicenter of one of the fastest-growing regions in the United States. Strategically positioned along President George Bush Turnpike (101,759 VPD) and State Highway 78 (49,525 VPD), Sachse benefits from strong regional connectivity and commuter traffic. The city has experienced meaningful population growth driven by suburban expansion, new housing development, and strong household formation with a major catalyst for continued growth being The Station. In addition to significant private investment, the city has committed capital toward infrastructure, parks, and civic improvements, reinforcing long-term economic stability and quality of life. The population of Collin County is anticipated to double by the year 2060 with around 2.4 million people calling the county home. As the larger cities begin to fill, smaller North Texas cities are now in the spotlight of massive developments.
Overall, The Station Phase II presents a compelling opportunity to acquire a fully stabilized, high-quality retail asset within one of North Texas’ most dynamic growth corridors. The Property offers durable in-place income supported by a diverse mix of medical, service, and corporately backed restaurant tenants, creating long-term stability and strong consumer draw within the broader master-planned development.
The Station Phase II features new, high-quality construction in a rapidly growing DFW submarket. In addition to the healthy rent levels, the tenant line-up features a perfect mix of service, dining and medical users. More than ever, we are seeing investor demand for medical retail tenants. Given the significant c apital i nvested i nto their buildouts, they become "sticky" creating long-term stability in the tenant line up. In addition, the restaurant concepts in the center are corporately backed, strong regional operators, all of which are on a rapid expansion trajectory throughout DFW. Notably, Nation’s Hamburgers selected this site as one of its first l ocations outside of California, a testament to both the strength of the center and the compelling growth story of the Sachse and greater DFW markets.
Sachse specifically is a rapidly growing suburb located in Collin and Dallas Counties, the epicenter of one of the fastest-growing regions in the United States. Strategically positioned along President George Bush Turnpike (101,759 VPD) and State Highway 78 (49,525 VPD), Sachse benefits from strong regional connectivity and commuter traffic. The city has experienced meaningful population growth driven by suburban expansion, new housing development, and strong household formation with a major catalyst for continued growth being The Station. In addition to significant private investment, the city has committed capital toward infrastructure, parks, and civic improvements, reinforcing long-term economic stability and quality of life. The population of Collin County is anticipated to double by the year 2060 with around 2.4 million people calling the county home. As the larger cities begin to fill, smaller North Texas cities are now in the spotlight of massive developments.
Overall, The Station Phase II presents a compelling opportunity to acquire a fully stabilized, high-quality retail asset within one of North Texas’ most dynamic growth corridors. The Property offers durable in-place income supported by a diverse mix of medical, service, and corporately backed restaurant tenants, creating long-term stability and strong consumer draw within the broader master-planned development.
Property Facts
Sale Type
Investment
Property Type
Building Size
18,040 SF
Year Built
2023
Price
$15,365,986 CAD
Price Per SF
$851.77 CAD
Cap Rate
6%
NOI
$921,928 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.72 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 65100943010030200 | Improvements Assessment | $6,333,523 CAD |
| Land Assessment | $766,867 CAD | Total Assessment | $7,100,390 CAD |
Property Taxes
Parcel Number
65100943010030200
Land Assessment
$766,867 CAD
Improvements Assessment
$6,333,523 CAD
Total Assessment
$7,100,390 CAD
Contacts
-
Will Walters -
Bill Pyle -
Alex Speed Throckmorton -
Matthew Banas -
Josie Trent -
Griffin Till -
DuWest Realty
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The Station II | 5415-5421 The Station Blvd
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