945 Stacy RdAllen, TX 75013

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.