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Portillo’s NWC of Gordon Heights Lane and FM 423 Ln 6,250 SF Retail Building Little Elm, TX 75068 $8,375,520 CAD ($1,340.08 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Affluent Trade Area: The surrounding community boasts an average household income exceeding $168,000, underscoring strong consumer purchasing power.
- Premier Intersection Location: Strategically positioned at the intersection of U.S. Highway 380 (a major east-west arterial) and FM 423.
- Exceptional Demographic Growth: The area has experienced approximately 9% annual population growth since 2020-ranking among the highest growth rates.
- Recent Infrastructure Enhancements: Highway 380 has been recently expanded, including the addition of a newly constructed flyover.
EXECUTIVE SUMMARY
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
6,250 SF
Construction Status
Proposed
Price
$8,375,520 CAD
Price Per SF
$1,340.08 CAD
Cap Rate
5%
NOI
$418,776 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.78 AC
Zoning
PD-254
NEARBY MAJOR RETAILERS
1 of 5
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Portillo’s | NWC of Gordon Heights Lane and FM 423 Ln
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