Plains Capital Bank Retail Center

Plains Capital Bank Retail Center is a 23,340 SF retail center on North Hampton Road located in the growing south Dallas submarket of DeSoto, Texas. Located on 5.33 acres of land, the owner of the Property has the opportunity to relocate the Plains Capital Bank ATM to carve out a free +/-0.60 acre pad site with potential to construct a stand alone drive thru building totaling 1,000 SF. Additionally, Plains Capital Bank Retail Center is approximately 14 minutes from downtown Dallas and 30 minutes from downtown Fort Worth. The Property is 100% leased to a compelling tenant line up consisting of Plains Capital Bank, Luxuria, Keller Williams, Hunt Law Firm & Engineers of Tomorrow. As a testament to the strength of the submarket and location, Engineers of Tomorrow & Keller Williams expanded their original leased area by 3,000 SF and 1,340 SF, respectively. Effective rents average just $13.69 PSF, which is below market for similar assets. Significant upside potential exists in converting the existing Keller Williams gross lease to NNN. The Property is priced well below replacement costs at only $195.59 PSF. Plains Capital Bank Retail Center benefits from exceptional architecture, a monument sign & eight (8) drive thru lanes for Plains Capital Bank, two (2) outdoor courtyards, and parallel positioning to North Hampton Road. Notable retailers in the immediate area include The Home Depot, Lowe’s, Costco, Super Target, Ross, PetSmart, Dollar General, Tom Thumb, Aldi, Big Lots amongst others.