Retail

Independence Square - 2022

3100 Independence Pkwy, Plano, TX, 75075-9152, US

Executive Summarydownload
Independence Square - 2022_Property for Sale

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Independence Square - 2022 2_Property for Sale

Asset description

Jones Lang LaSalle (“JLL”), is pleased to exclusively present the opportunity to acquire Independence Square (the “Property”), a 91% 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 34% 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.

Attributes

Building area gross
140,218 sf
Occupancy
91.00%
Year built
1997
Land area Gross
13.30 acres (579,243 sf)

Investment highlights

  • Preeminent neighborhood in Plano, TX
  • 2022 Leasing momentum 26,000 SF (19% NRA)
  • Over 850,000 annual visits
  • Robust demographics $130 average household income
  • Mark-to-market opportunity
Independence Square - 2022 4_Property for Sale

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Last updated
Nov 18, 2022