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Highlights
- Anchored by Costco, driving consistent regional draw and foot traffic.
- Adjacent to Glenbrooke Estates with 398 lots and near future multifamily development under construction (approximately 250 units).
- Close to large-scale destination assets such as the PGA of America mixed-use development and Omni Hotel.
- Excellent visibility along US 380 and FM 1385, with combined traffic counts exceeding 76,000 vehicles per day.
- Located within a rapidly developing Prosper corridor with major upcoming roadway improvements for enhanced access.
- Tenant lineup features national and regional brands including Navy Federal Credit Union and 85°C Bakery.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-5,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This Costco-anchored retail development at the NEC of US 380 and FM 1385 in Prosper, Texas offers an excellent opportunity for retail and medical users. Positioned within a growing trade area, the site benefits from high traffic counts with 56,193 vehicles per day along US 380 and 19,970 VPD along FM 1385. Planned TxDOT expansion on FM 1385 further underscores long-term accessibility and visibility enhancements for this corridor. Located less than four miles from a 600-acre mixed-use development, anchored by the PGA of America headquarters and an 800-key Omni Hotel, the property is ideally situated to capture regional demand. Tenants will join a strong merchandising mix that includes 85°C Bakery, Rose Couture Nail Bar, and Navy Federal Credit Union, with proximity to Cook Children's North Campus and St. Martin de Porres Catholic Church. The site cannot accommodate restaurants and targets retail and medical-oriented uses. Delivery for Lot 1 is expected in March 2027.
- Space is an outparcel at this property
- Space is in Excellent Condition
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 | 5,000 SF | Gross Leasable Area | 25,300 SF |
| Min. Divisible | 1,200 SF | Year Built | 2027 |
| Property Type | Retail | Construction Status | Proposed |
| Total Space Available | 5,000 SF |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Gross Leasable Area | 25,300 SF |
| Year Built | 2027 |
| Construction Status | Proposed |
About the Property
The property is located at the NEC of US Highway 380 and FM 1385 in Prosper, Texas. It is part of a Costco-anchored retail development with additional space projected for delivery in March 2027. Surrounding land uses include residential subdivisions, planned multifamily development, and medical facilities. Traffic counts are reported as 56,193 VPD along US 380 and 19,970 VPD along FM 1385 according to TxDOT 2024 data. Roadway improvements and expansions are planned for FM 1385.
Nearby Major Retailers
Presented by
Lot 1 | NEC of US 380 & FM 1385
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