Stella Court | Frisco, TX

6950 Lebanon Road, Frisco, TX 75034

Description

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.

Stella Court
Retail Property

Price: $

Gross Leasable Area: 10,599 SF

Price/SF: $

Property Type: Retail

Property Sub-type: Strip Center

Property Use Type: Net Lease Investment with 4 years left on lease

Commission Split: 

Cap Rate: 6%

Occupancy: 100%

No. Stories: 1

Tenancy: Multiple

Year Built: 2007

Lot Size: 54,057 SF

Parking Ratio: 7 / 1,000 SF

Additional Information

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.

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ELAND INVESTMENT

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