Kyle Wilks Of Wilks Development Leases 16653 Square Feet To TYLER'S In Frisco, TX
Building Size
16,653 SF
Asset Type
Retail
Closing
Feb 16, 2026
AI
The transaction involves a retail lease for a ground-floor space consisting of 16,653 square feet within the Aurora residential tower, part of the 217-acre Firefly Park mixed-use project in Frisco, Texas.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Market: Frisco, TX
- Landlord: Kyle Wilks - Wilks Development
- Tenant: Dale Grimes - TYLER'S
- Broker: Kobalt Investment Company
- Expected Opening: Fall 2027
- Residential Units: 420
- Office Space: 175,000 square feet
- Hotel: Included in the mixed-use project
Kobalt Investment Company represented Wilks Development in the transaction, which marks the first retail tenant for the development. TYLER'S is set to establish its ninth Texas store as part of the first phase of this project, which includes 123,000 square feet of retail space.
Players
Market 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