1898 N Dallas Pkwy
Prosper, TX
Price:
$5,866,000
Cap Rate:
3.75%
NOI:
$220,000
Building Size:
Approx. 5,385 Sq. Ft.
Lot Size:
Approx. 2.787 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2025
Investment Overview
- 2025 Construction. 5,385+/- SF Building on 2.787+/- Acre Site
- 15-Year Abs. NNN Ground Lease w/ 10% Rental Increases Every 5 Years in both Primary Term & (10) 5-Year Renewal Options
- Pad Site for a Brand New 132,000-Square-Foot H-E-B Store at Frontier Parkway and the Dallas North Tollway in Prosper, Opened Fall 2025
- Located on Corner of Dallas Pkwy & Frontier Pkwy (24,106+ VPD), Just North of Dallas N Tollway & University Drive (72,122+ VPD)
- Adjacent to Prosper High School (3,449+ Students) & their Prosper ISD Children’s Health Football Stadium (Capacity of 12,000)
- Chick-fil-A Operates 3,100+ Restaurants Nationwide, w/ Industry-Leading ~$9.3M AUV & Ranked #1 in U.S. Customer Satisfaction
- Prosper | Suburb of Dallas, Only 30 Miles North of Downtown Dallas | Population: 49,000+; MSA: 8.3M+