Panther Creek Dental Leases 1,800 SF At Shops At Panther Creek In Frisco
Panther Creek Parkway & Hillcrest Rd, Frisco, TX, USA
Building Size
1,800 SF
Asset Type
Retail
Closing
Feb 4, 2021
AI
Panther Creek Dental has signed a lease for a 1,800 square foot space in Building 2 of the Shops at Panther Creek in Frisco. The retail development, located at the northwest corner of Panther Creek Parkway and Hillcrest Road, is set to deliver in December 2021. The total square footage of the project will be 19,210 square feet, offering drive-thru opportunities. The future UNT Frisco campus is currently under construction nearby.
Summary of transaction details:
- Property Type: Retail
- Tenant: Panther Creek Dental
- Landlord: Panther Ridge Venture
- Tenant's Rep: Albert Miles - Xite Realty
- Landlord's Rep: Britton Lankford, Dan Looney, and Nick Miller - Bright Realty
- Asking Rent: $38/ft.
- Square Footage: 1,800
Bright Realty's Dan Looney, Nick Miller, and Britton Lankford represent the developer of the Shops at Panther Creek. Albert Miles with Xite Realty represented Panther Creek Dental in the lease agreement.
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