Stella Court | Frisco, TX
6950 Lebanon Road, Frisco, TX 75034
Stella Court was built in 2008 and features 6 retail spaces. It is located on Lebanon Rd & Dallas Tollway, which puts it in the heart of the 5 Billion Dollar Mile. The 5 Billion Dollar Mile is estimated to create 43,772 new jobs, will include the new Headquarters for the Dallas Cowboys, Wade Park, Frisco Station and the Gate. Stella Court is within walking distance of all of these.
This property also borders the Starwood neighborhood. The average net worth in this neighborhood exceeds 1 Million Dollars and the average home sells for well over 750 Thousand Dollars.
Gross Leasable Area: 10,599 SF
Property Type: Retail
Property Sub-type: Strip Center
Property Use Type: Net Lease Investment with 4 years left on lease
Cap Rate: 6%
No. Stories: 1
Year Built: 2007
Lot Size: 54,057 SF
Parking Ratio: 7 / 1,000 SF
Strong tenants with personal guarantees for the term of the lease.
Strong anchor, that's been there since 2007.
Located on the 5 Billion Dollar Mile.
Rent projections within the 5 Billion Dollar Mile are estimated to exceed $40 per square foot within 2 years.
Located right off of the Dallas toll way.
Borders Starwood, which has a median household net worth of $1,033,719.