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11010 Panther Creek Parkway

Indian/Desi Supermarket Chalo India Leases 10,000 SF Retail Space In Frisco's Shops At Panther Creek
LEASEDRetail

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

Tim McNutt

DBA Commercial Real Estate

Broker

2 deals

Broker

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