945 Stacy RdAllen, TX 75013

For Sale
$8,993,000

19,141 SF, 9-Tenant Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 19,141-square-foot shopping center in Allen, Texas, boasting a prime location on high-traffic Stacy Road. The property, built in 2014, is situated on a 2.12-acre lot and features nine tenants under triple-net (NNN) leases with staggered expirations and built-in rent escalations, ensuring consistent year-over-year income growth. Currently operating at 100% occupancy, the center generates a substantial net operating income (NOI) of $539,567, representing a 6.00% capitalization rate. The asking price is $8,993,000, translating to $469.83 per square foot. The diverse tenant mix includes a blend of national, regional, and local businesses, providing stability and resilience. Its strategic location near the intersection of North Watters Road and Stacy Road benefits from over 38,698 vehicles per day, and its proximity to major thoroughfares like US Highway 75 (North Central Expressway) and Allen Premium Outlets ensures high visibility and accessibility. The surrounding area is characterized by a high concentration of affluent residents, with average household incomes exceeding $208,339 within a one-mile radius, $139,001 within three miles, and $139,950 within five miles. Furthermore, the property's location near the Stacy Green mixed-use development and other major retail centers further enhances its value and potential for future growth. This stabilized investment offers a compelling combination of strong cash flow, a desirable location, and significant upside potential.

Highlights

  • 19,141-square-foot neighborhood retail center in Allen, TX.
  • 100% leased with triple-net (NNN) leases, staggered expirations, and annual rent escalations.
  • Strong tenant mix of national, regional, and local businesses.
  • High-traffic Stacy Road location near North Watters Road (38,698 vehicles per day), with easy US-75 access.
  • Near Allen Premium Outlets and numerous high-end retailers.
  • Less than one mile from Stacy Green mixed-use development.

Property Details for 945 Stacy Rd

Property type
Lifestyle centers, Power centers
Square Feet
19,141 SF
Year Built
2014
Buildings
1
Lot Size (sq. ft)
92,347 SF
Units
9

Location Insight

City
Allen
County
Collin
State
Texas
Latitude
33.1294927928
Longitude
-96.674425263954
945 Stacy Rd, Allen, Texas

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945 Stacy Rd
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