15801 Rolater RdFrisco, TX 75035

For Sale
$4,951,000

High-Yield, 100% Leased Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 9,292 square-foot shopping center in Frisco, Texas, presents a compelling investment opportunity. Built in 2022, this Class A property boasts 100% occupancy with three tenants under long-term triple-net leases, many including annual rent escalations. The center is strategically located on Rolater Road, near the highly trafficked intersection of Custer Road (52,470 vehicles per day), providing excellent visibility and accessibility. Its proximity to State Highway 121 further enhances its appeal. The property benefits from a shadow anchor, an ethnic grocery store, drawing significant foot traffic. The area is densely populated, with over 344,950 residents within a five-mile radius and a daytime employment exceeding 90,000 within the same area. Average household incomes within one, three, and five miles are exceptionally high, exceeding $140,000. The location is also advantageous due to its proximity to Liberty High School (approximately 1,846 students) and numerous corporate headquarters, including Toyota, Addus Homecare, Careington International, National Breast Cancer Foundation, Keurig Dr Pepper, and the PGA of America. The property's strong tenant mix, high occupancy rate, and prime location in a rapidly growing area make it an attractive investment with a 6.25% cap rate and a net operating income of $309,440. The asking price is $4,951,000, representing a price per square foot of $532.82. The property sits on a 1.196-acre lot and is part of a condominium association.

Highlights

  • 9,292-square-foot multi-tenant retail center; 2022 Class A construction; part of a condominium association.
  • Shadow-anchored by Chowrastha, an ethnic grocery store (not included in sale).
  • 100% leased with long-term triple-net (NNN) leases; annual rent escalations.
  • Located on Rolater Road, near Custer Road intersection (52,470 vehicles per day); easy SH 121 access.
  • Across from Liberty High School (approx. 1,846 students).
  • Near corporate headquarters (Toyota, Addus Homecare, Careington, NBCF, Keurig Dr Pepper, PGA of America).

Property Details for 15801 Rolater Rd

Property type
Lifestyle centers, Power centers
Square Feet
9,292 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
52,098 SF
Units
4

Location Insight

City
Frisco
County
Collin
State
Texas
Latitude
33.137318403688
Longitude
-96.735851243006
15801 Rolater Rd, Frisco, Texas

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15801 Rolater Rd
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