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Daiso Leases Retail Space In Pflugerville's Stone Hill Town Center

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LEASED

Texas

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Retail8,500 SF
Leased 04/15/2024
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LEASED

Daiso Leases Retail Space In Pflugerville's Stone Hill Town Center

500 Limestone Commercial Drive

See Similar Deals
Retail8,500 SF
Leased 04/15/2024
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:8,500 SF
Transaction Type:Lease

The retail property at 500 Limestone Commercial Drive in Pflugerville spans 8,500 square feet and will soon be occupied by Daiso, a global retail chain. The landlord, NewQuest Properties, successfully secured this tenant to fill a vacancy at Stone Hill Town Center, formerly held by Kirkland’s Home. Daiso is anticipated to open its store in the fourth quarter of this year, contributing to the center's impressive 99% occupancy rate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Tenants: Seiji Yano - Daiso
  • Landlord's Rep: Josh Friedlander - NewQuest Properties
  • Tenant's Rep: Scott Espensen - Venture Commercial Real Estate
  • Address: 500 Limestone Commercial Drive
  • Market: Pflugerville

Scott Espensen from Venture Commercial Real Estate represented the tenant, Seiji Yano, in this lease transaction, which will see Daiso establishing its presence in the thriving market of Pflugerville. The move by NewQuest Properties to swiftly secure Daiso's tenancy highlights their proactive approach in maintaining the high occupancy rate at Stone Hill Town Center.

Players

Josh Friedlander
4 deals
BROKER

Scott Espensen
Venture Commercial
1 deal(214) 378-1212
BROKER

Details

LEASED
IMAGE: Seiji Yano, Josh Friedlander & Scott Espensen DATE: 04/15/2024 ADDRESS: 500 Limestone Commercial Drive MARKET: Pflugerville ASSET TYPE: Retail ~ SF: 8,500 TENANT: Seiji Yano - Daiso (@Daiso_usa) LANDLORD'S REP: Josh Friedlander - NewQuest Properties (@NQ_Properties) TENANT'S REP: Scott Espensen - Venture Commercial Real Estate (@VentureCommercial) NOTE: NewQuest Properties has swiftly filled a vacancy at Stone Hill Town Center in northeast Austin, securing Daiso, a global retail chain rapidly expanding in Texas, to occupy the space previously held by Kirkland’s Home. The move maintains the center's impressive 99% occupancy rate, with Daiso expected to open its 8,500-square-foot store in the fourth quarter of the year, tapping into Pflugerville's thriving market.

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Deal Type
Effective Rent (Annual)

$487,214.87

Total Lease Value

$4,872,148.71

Net Landlord Cash Flow$487,214.87