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Kyle Wilks Of Wilks Develop...

Kyle Wilks Of Wilks Development Leases 16653 Square Feet To TYLER'S In Frisco, TX
LEASEDRetail

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

Kobalt Investment Company
Kobalt Investment CompanyBrokerage

Kyle Wilks

Wilks Development

Landlord

1 deal

Landlord

Dale Grimes

TYLER'S

Tenant

1 deal

Tenant

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