Sachse Neighborhood Retail

Sachse Neighborhood Retail is a 9,285 square foot neighborhood retail center located in the growing North Dallas submarket of Sachse, Texas.  Newly constructed in 2022, the Property is well positioned along Miles Road and is approximately 25 minutes northeast of Downtown Dallas. Sachse Neighborhood Retail is 100% leased to a complementary mix of restaurant, service retail and medical tenants led by Little Caesars, State Farm Insurance, Summit Health Family & Urgent Care, Smiley Pearls Dentistry and Haus of Boba. The Property has an average lease expiration of February 2032 and an average base lease term of 9.4 years. All tenants have built in annual rent escalations in their primary lease term and 3 out of 5 tenants have at least 2 renewal options. The average rent at Sachse Neighborhood Retail is only $26.75 PSF NNN which is low relative to market for comparable new construction retail space in the market. The Property exhibits strong fundamentals with parallel positioning to Miles Road, large 1.02-acre parcel, shallow bay depth, an average suite size of 1,857 square feet providing strong residual value, partial masonry construction and a two sided highly visible monument sign.