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Prestonwood Polo Crossing Phase 1 FM 270 10,875 SF 100% Leased Retail Building Oak Point, TX 75068 $8,936,606 CAD ($821.76 CAD/SF) 6% Cap Rate
Executive Summary
100% leased Starbucks anchored center built in 2023, with rent bumps in super high-growth area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,875 SF
Building Class
B
Year Built
2023
Price
$8,936,606 CAD
Price Per SF
$821.76 CAD
Cap Rate
6%
NOI
$536,197 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
7.43 AC
Zoning
F1 - Commercial
Frontage
418’ on FM 720
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R1009557 | Improvements Assessment | $3,870,014 CAD |
| Land Assessment | $1,526,026 CAD | Total Assessment | $5,396,040 CAD |
Property Taxes
Parcel Number
R1009557
Land Assessment
$1,526,026 CAD
Improvements Assessment
$3,870,014 CAD
Total Assessment
$5,396,040 CAD
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Prestonwood Polo Crossing Phase 1 | FM 270
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