Oak Point Retail for Lease - Outlying Denton County
Phase I is 100% leased, Phase II is 12,200 SF and coming soon. Nestled amongst the affluent suburban sprawl of Oak Point’s high-end mansions and picturesque lake homes, Prestonwood Polo Crossing presents the opportunity to capture a ubiquitous presence on the peninsula at the only shopping center between the waterfront and Highway 380. A Starbucks will anchor the 10,875-square-foot center. An adjacent pad site is already under lease for a daycare center. The development is already fortified with solid consumer draws, with an existing 7-Eleven and CVS on the corner.
Construction began in June 2022, with Prestonwood Polo Crossing Phase I delivering in mid-2023, now 100% leased. 12,200 SF Phase II is now pre-leasing, allowing any business to join this highly successful Development's top brands: Starbucks, McDonald's, & 7-11 with a space ideally suited to dominate this bountiful market.
The center derives its name from the upscale Prestonwood Polo Club built just under a mile from the development, a microcosm of the region's abundant nature. Residential developers are clamoring to meet demand with dozens of communities underway, including the Wildridge neighborhood, bringing over 1,000 homes, priced between the $400,000s and $700,000s, just across the street from Prestonwood Polo Crossing. Average household incomes within a 15-minute drive top out at a lofty $126,113, with annual consumer spending reaching $1.4 billion in that same distance.
Oak Point is also a premier destination for the surrounding communities of Frisco, Denton, and Little Elm, with many activities along Lewisville Lake and the lush parks on the peninsula, leading to combined traffic counts around the center of more than 16,000 vehicles per day. With the closest restaurants, supermarkets, salons, cleaners, or medical clinics three miles away in a congested shopping center, the well-endowed area lacks essential local amenities, creating a clear opening for any business to become a vital part of these communities.
