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The Shops at Keller Center Stage 4 Properties in Keller, TX
Investment Highlights
- 100% Leased Retail Center in the High Growth, Affluent Submarket of Keller, TX (DFW)
- Rents Averaging Just $26.62 PSF NNN with Comparable New Construction in Keller and Adjacent Submarkets Consistently Over $40.00 PSF NNN
- Located Directly Adjacent to Milestone Church Which Sees Weekly Visitors in Excess of 5,000 People & The Lyric Apartment Complex With 475 Units
- 23,843 SF Retail Center with Average Base Lease Term Expiration of August 2033
- 6 Minutes from 27,000-Acre Master Planned AllianceTexas Development; Estimated $100.6 Billion in Economic Impact for North Texas
- Features Parallel Positioning to Highway 377, Average Suite Size of 2,384 SF, Shallow Bay Depth, Multiple Ingress/Egress Points & Masonry Construction
Executive Summary
Built in 2022 with incredible fundamentals, The Shops at Keller Center Stage (the “Property”) is 100% leased to a complementary mix of restaurant, retail, medical and service uses with an average base lease term of August 2033. All ten (10) tenants experience annual rent bumps increases during their primary lease term averaging 3.00% annually. Current rents average $26.63 PSF NNN while comparable new construction small shop retail space in Keller and surrounding submarkets is consistently exceeding $36.00+ PSF NNN. Overall, the Property is strategically located next to The Lyric at Keller Center Stage Apartments, a 475-unit, three-story multifamily community, Milestone Church, which sees weekly visitors in excess of 5,000 people and benefits from direct frontage to Highway 377 (55,300+ VPD).
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 28,540 SF |
| Number of Properties | 4 | Total Land Area | 113.32 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 28,540 SF |
| Total Land Area | 113.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
A
1320 N Main St, Keller, TX 76248 |
Office | 10,000 SF | 2023 | - |
|
Retail Building 1
1340 N Main St, Keller, TX 76248 |
Retail | 6,197 SF | 2023 | - |
|
Retail Building 3
1500 N Main St, Keller, TX 76248 |
Retail | 6,197 SF | 2023 | - |
|
E
1520 N Main St, Keller, TX 76248 |
Retail | 6,146 SF | 2024 | - |
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The Shops at Keller Center Stage
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