Little Elm Retail Center
Little Elm Retail Center is a recently constructed 8,960 square foot retail asset located along Highway 380 in a high-growth, affluent submarket of Little Elm, Texas. Positioned just west of the Highway 380 and Navo Road intersection, the Property is approximately 40 minutes north of Downtown Dallas. Little Elm Retail Center is 100% leased to a complementary mix of tenants which includes F45 Training, Simple Vet Hospital, Cell Phone Repair, The Water Tree and Vista Rehab. Rents average $30.84 PSF NNN with comparable new construction retailing space quoting $40.00 PSF NNN. The average base lease expiration is February 2029 with four of five tenants experiencing built in rent escalations during their primary lease terms. The Property benefits from parallel positioning to Highway 380, an average suite size of 1,770 SF, shallow bay depth, partial masonry construction and a highly-visible 2-sided masonry monument sign. Total population within a one mile radius of Little Elm Retail Center increased by a staggering 8,525% from 2000 to 2021. Notable national retailers in close proximity include Aldi, Walgreens, Anytime Fitness, Hoots Wings, Sherwin-Williams, 7-Eleven, Wendy’s, Tropical Smoothie Café and Sonic, among numerous others.