Indian/Desi Supermarket Chalo India Leases 10,000 SF Retail Space In Frisco's Shops At Panther Creek
11010 Panther Creek Parkway
Building Size
10,000 SF
Asset Type
Retail
Closing
Jan 9, 2024
AI
The Indian/Desi supermarket, Chalo India, will be opening in Frisco's Shops at Panther Creek in May. The 10,000-square-foot space will include a store and a cafe with a patio, catering to the demand for grocery-anchored retail in the rapidly growing north Dallas suburb.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 11010 Panther Creek Parkway, Frisco
- Market: Frisco
- Square Footage: 10,000
GreenRoad Development and Construction serves as the landlord for the leased space. The tenant, Rishma Dara, will be represented by W. Thurston Witt from CBRE. On the other hand, Tim McNutt from DBA Commercial Real Estate will act as the landlord's representative in the deal.
This lease agreement reflects the growing focus on retail development in response to Frisco's expanding population and the need for more grocery options in the area.
Players
Frisco Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93