US - Lubbock, TX
SEK 109,634,000 | 6,548 m²
Jones Lang LaSalle (“JLL”), is pleased to exclusively present the opportunity to acquire Independence Square (the “Property”), a 94% leased, 140,218 square foot grocery-anchored center located in the affluent neighborhood of Plano, Texas. The Property is anchored by Tom Thumb, a high-performing grocer, tenured tenant that comprises 31% of the total rentable area. Positioned on a high traffic intersection within a dense neighborhood population in Plano, the Property caters to over 127,000 residents within three miles with an average household income of over $130,000 - 20% above DFW Average. Independence Square’s highly productive Tom Thumb offering, complementary tenancy and stabilized fundamentals coupled with Plano’s significant growth dynamics presents the unique opportunity to acquire a grocery-anchored retail asset with mark-to-market upside in the thriving DFW metroplex.