Property Name

Plaza on 380

GLA 6,476 SF

Percent Leased 100% Leased

Property Description

Plaza on 380 is a newly renovated, 6,476 square foot retail asset positioned along the extremely desirable Highway 380 corridor in high-growth DFW submarket of Princeton, Texas.  Situated just east of U.S. Highway 75, the Property is minutes from McKinney and 50 minutes northeast of Downtown Dallas. Renovated in 2023, Plaza on 380 is 100% leased to a internet-resilient tenant mix which includes Firehouse Subs (drive-thru end cap), Clinica Familiar La Virgen de Guadalupe (14-unit operator with more in development), Professional Black Belt Academy (5-unit operator). A new Olmeck hybrid-roofing system with a 10-year transferrable manufacturer warranty installed in 2024. Overall average lease expiration of December 2030 at the Property. Plaza on 380 exhibits strong fundamentals with shallow bay depth of 55 ft, average suite size of 2,159 square feet providing strong residual value, drive-thru end cap, a highly visible pylon sign, ample parking and parallel positioning to US Highway 380. Neighboring national retailers include Market Street, Walmart Supercenter, CVS Pharmacy, Starbucks, Dutch Bros Coffee, Panda Express, AutoZone, McDonald’s, Taco Bell, Subway and 7-Eleven, among numerous others.