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Townsend Square Shopping Center 901 N Polk St 1,299 - 35,118 SF of Space Available in DeSoto, TX 75115
HIGHLIGHTS
- Marquee availability for a 30K SF big box anchor space, a former department store with spacious ceiling heights at below-market rates.
- Benefit from superior exposure at a signalized intersection seen by approximately 27,000 vehicles per day.
- The shopping center is newly renovated making it a prime destination.
- Flexible use potential for anything from retail and service offices to specialty uses like pickleball, training centers, and medical.
- Public transportation is conveniently located near the shopping center.
- Close proximity to the downtown area of DeSoto, located near major highways with heavy day time traffic.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 301 | 30,090 SF | 3-5 Years | $13.83 CAD/SF/YR $1.15 CAD/SF/MO $416,262 CAD/YR $34,689 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 350 | 1,299 SF | 3-5 Years | $24.90 CAD/SF/YR $2.08 CAD/SF/MO $32,346 CAD/YR $2,696 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 390 | 3,729 SF | 3-5 Years | $24.90 CAD/SF/YR $2.08 CAD/SF/MO $92,856 CAD/YR $7,738 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 301
JR Anchor Space - Former Tenant Bealls Department Store.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Thriving Diverse Tenant Mix
- Renovated Exterior - 2023
- Enhanced Security
1st Floor, Ste 350
Former Tenant GNC.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Thriving Diverse Tenant Mix
- Renovated Exterior - 2023
- Enhanced Security
1st Floor, Ste 390
Former Tenant Beauty Supply.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Thriving Diverse Tenant Mix
- Renovated Exterior - 2023
- Enhanced Security
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 35,118 SF | Year Built/Renovated | 1985/2023 |
| Property Type | Retail | Parking Ratio | 2.09/1,000 SF |
| Gross Leasable Area | 83,744 SF |
| Total Space Available | 35,118 SF |
| Property Type | Retail |
| Gross Leasable Area | 83,744 SF |
| Year Built/Renovated | 1985/2023 |
| Parking Ratio | 2.09/1,000 SF |
ABOUT THE PROPERTY
The Shopping Center is situated at the Northwest and Northeast corners of N. Polk St. and E. Pleasant Run Rd. with easy access to I-35 and includes a diverse mix of tenants. Recently Renovated shopping center include: Exterior Renovations: We have invested nearly half a million dollars in exterior upgrades. Our zero-scape landscaping not only conserves natural resources but also reduces Tenant Common Area Maintenance Charges. Crown moldings now adorn the entire roofline, and the new Austin Stone column bases give the center a modern architectural touch. Eye-Catching Lighting: Our cost-effective LED light package ensures that Townsend Square stands out day and night. Seasonal and holiday-specific colored lights draw attention and add a festive vibe. Enhanced Security: Safety is our priority. We’ve installed additional security cameras and bright LED light heads, making Townsend Square a secure and welcoming place for tenants and visitors alike. Join Our Thriving Tenant Mix: The positive impact of these improvements is evident in the influx of new tenants. We invite you to explore Townsend Square and consider becoming part of our ever-improving community.
- Pylon Sign
- Signalized Intersection
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
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Townsend Square Shopping Center | 901 N Polk St
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