The Arbors on Custer
The Arbors on Custer is a 10,197 square foot, four-tenant retail asset located in the affluent, high-growth city of Frisco, Texas. Newly constructed in 2022, the Property is positioned fronting Custer Road approximately 35 minutes north of Downtown Dallas, just north of Highway 121 (Sam Rayburn Tollway) and 5 minutes south of Highway 380. The Arbors on Custer is 100% leased with a weighted average base lease term of 8.75 years and an average lease term expiration of January 2032. All tenants have signed new leases that commence in 2023, rent escalations in primary term and at least one renewal option. The Property exhibits strong fundamentals with shallow bay depth, partial masonry construction, average suite size of 2,550 square feet providing strong residual value, drive-thru end cap, highly visible monument sign, multiple ingress and egress points of access and parallel positioning to Custer Road. The Arbors on Custer is located within a densely populated corridor containing more than 1,900,000 square feet of retail GLA and 1,000,000 square feet of office GLA within a 1.5-mile radius.