PROPERTY TYPE: Single-story neighborhood Shopping Center, 100% occupied. The property is wood-framed construction with brick façade.
TRAFFIC COUNTS: Average at Preston Rd and Wade Blvd Intersection 61,299 vpd
PRICE: $3,600,000.00 with a Cap Rate of 6.9%
Preston Wade Plaza is a 11,080 square foot retail center built in 2004 and located in Frisco, Texas.
Preston Wade Plaza is in the most dynamic and growing market in North Texas. Within three miles of Preston Wade Plaza, the Five Billion Dollar Mile construction is underway, crowning Frisco with one of America’s most concentrated developments.
Located on Preston Road at Wade Boulevard. The intersection carries approximately 61,299 vehicles per day.
Easy access from Dallas North Tollway and near Stonebriar Centre Shopping Mall.
Frisco was voted Best Place to Live (Money), Best Places to Relocate (Forbes) and Best Place to Raise an Athlete (Men's Journal).
Frisco, Texas has seen an astounding increase in population of 247% since 2000.
With over 9 million square feet of retail, Frisco stands out as retail location. Due to their strong diversified local economy, retail activity continues to expand providing Frisco residents and visitors a growing choice of quality of life amenities.