David K. Holeman Of Whitestone REIT Secures Leases For 5,944 SF Retail In Frisco, TX
6959 Lebanon Road
Building Size
5,944 SF
Asset Type
Retail
Closing
Jul 6, 2026
About this deal
AI
The asset involved in the lease is a retail space totaling 5,944 square feet located at 6959 Lebanon Road in Frisco, Texas. This property is part of The Shops at Starwood, a 90,667-square-foot retail center owned by Whitestone REIT.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Market: Frisco, TX
- Landlord: David K. Holeman - Whitestone REIT
- Tenant: Stackz Smashburgers, Cocktails, 33 Peaks Café & Mr. Winston’s Barbershop
- Lease Start Date: 2026
David K. Holeman represents Whitestone REIT as the landlord in this lease agreement, which saw three tenants sign leases for the retail space. The tenants, Stackz Smashburgers & Cocktails, 33 Peaks Café, and Mr. Winston’s Barbershop, are anticipated to commence operations at the property in 2026.
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