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3100 Independence Pkwy Plan...

Head Capital Partners Acquires Independence Square Retail Center In Plano, Texas
SOLDRetail

Head Capital Partners Acquires Independence Square Retail Center In Plano, Texas

3100 Independence Pkwy Plano, TX 75075, USA

Building Size

140,218 SF

Asset Type

Retail

Closing

Jun 12, 2023

AI

Independence Square, a grocery-anchored retail center located at 3100 Independence Parkway in Plano, Texas, has been sold by JLL Capital Markets to Head Capital Partners. The property spans 140,218 square feet and is anchored by Tom Thumb. Situated in a prime location with high traffic, Independence Square serves a dense population of over 127,000 residents within a three-mile radius.

Summary of Transaction Details

JLL Capital Markets facilitated the sale of Independence Square, a grocery-anchored retail center in Plano, Texas. The deal was completed with Head Capital Partners as the buyer. The transaction involved a prominent retail asset spanning 140,218 square feet and featuring Tom Thumb as its anchor tenant. The location benefits from high traffic and caters to a densely populated area, accommodating over 127,000 residents within a three-mile radius.

Players

Erin Lazarus

JLL

Broker

$565M

vol

23 deals

Broker

Texas Retail Market Snapshot

Boundary boundary · Retail · Sale 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