Frost Bank Retail Center

Frost Bank Retail Center is a 9,600 square foot neighborhood retail asset situated on 0.99 acres in the affluent and dense northern Dallas/Fort Worth submarket of Allen.  Located off the well-traveled intersection of McDermott Drive and Alma Drive, the Property benefits from excellent visibility along McDermott Drive and experiences traffic volumes in excess of 55,300 vehicles per day at the intersection. Frost Bank Retail Center is located approximately 30 minutes north of Downtown Dallas with close proximity to major Texas thoroughfares, US-75 and TX-121 (Sam Rayburn Tollway). The Property is 100% leased to a complementary tenant mix including Frost Bank (double lane drive-thru), Dedicated Dental, Raffy’s Barbershop, Twin Massage and United Eyebrow Threading. All tenants have at least one built in rent escalation during primary term and at least one renewal option. In-place rents are on average only $25.79 PSF NNN, while new leases for comparable retail space have rents in the mid-high $30’s PSF NNN. Frost Bank Retail Center benefits from parallel frontage to McDermott Drive, partial masonry construction, two lane drive-thru, highly visible two-sided monument sign, 0.99-acre parcel, strong visibility and average suite size of 1,920 square feet providing strong residual value.