Dick's Sporting Goods Signs Lease For Retail Space At 5550 Preston Road In Frisco
5550 Preston Road, Frisco, Texas 75034, United States
Building Size
50,000 SF
Asset Type
Retail
Closing
Apr 11, 2022
AI
The property involved in this transaction is a retail asset located at 5550 Preston Road in Frisco. The property spans 50,000 square feet and is leased by Hobby Lobby. The tenant for this space is Dick’s Sporting Goods.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 04/12/2022
- Address: 5550 Preston Road
- Market: Frisco
- Square Footage: 50,000
Evan Bloom, representing the landlord Hobby Lobby, facilitated this lease through his association with The Woodmont Company. Megan Trimble and Greg Bracchi, serving as the tenant's representatives on the deal, are from Edge Realty.
Players
Frisco Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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