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Panther Creek Parkway & Hil...

Panther Creek Dental Leases 1,800 SF At Shops At Panther Creek In Frisco
LEASEDRetail

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:

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

Nick Miller

Bright Realty

Broker

$61.9M

vol

10 deals

Broker

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