Matthews™ Sells 19,000+ SF Strip Center in Frisco, TX

The Property is Located in One of the Fastest Growing Suburbs in Dallas MSA

 

Frisco, TX —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of a 19,204 square foot strip center, Shops of Stonebrook Plaza, located at 360 W Stonebrook Pkwy, Frisco, TX. Senior Associate Grayson Duyck completed the transaction.

 

The property is located directly across the street from a Walmart Supercenter and is situated within a strong retail corridor. The center benefits from excellent visibility and access off Stonebrook Pkwy and FM-423, collectively boasting over 50,000 VPD at the closest intersection.

 

“I brought the buyer to the deal a little over a year ago, and he decided to purchase,” said Duyck. “We then leased it up over the last 12 months and now sold it for that buyer, now seller, as a fully stabilized center.”

 

Shops of Stonebrook Plaza feature a desirable tenant line-up of e-commerce-proof daily needs tenants, most of which have been in the center since it was developed in 2016.

 

“Despite a tough market, we were able to sell the property all cash at the full list price,” said Duyck. “Thanks to the Matthews™ database, the deal generated five offers in the first 30 days, which led to achieving the full list price offer through competition.”

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 20+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.