Shops at Preston Ridge
The Shops at Preston Ridge, a destination retail center, ideally located in the premier far north Dallas submarket of Frisco, Texas. The 59,973 square foot center is 85% leased by a leading line-up of national tenants including La Madeline, Paciugo, Mattress Firm and Ferguson Enterprises. Located at the northwest corner of State Highway 121 and Parkwood Boulevard, The Shops at Preston Ridge is shadow anchored by IKEA & Stonebriar Centre benefitting from its strategic location within the fastest growing city in the US and one of the most desirable areas in DFW. The Property lies just south of the world-famous “5 Billion Mile”, which is one of the most dynamic development concentrations in the United States. The Shops at Preston Ridge offers investors the excellent opportunity to acquire a high-quality, destination retail center, with the opportunity to add value, ideally located within one of the most coveted real estate investment markets in the nation.
The Property has a coveted location within the high-growth, affluent area of Frisco. Average 5-mile household incomes are north of $128,000, an impressive 54% above the DFW average, and are expected to grow by 6.14% over the next five years. The population within a 5-mile radius exceeds 270,000 residents and has grown nearly 71% since 2000. The Property’s close proximity to Legacy/Legacy West, home to the prestigious relocations of Toyota, Liberty Mutual, FedEx, JPMorgan Chase and more, generates around the clock traffic for the Property with more than 86,000 employees within a 3-miles radius and more to come.
Strategically located along State Highway 121 between the Dallas North Tollway and Preston Road at the Parkwood Blvd intersection, the Property benefits from some of the best access and visibility within the Frisco Bridges concentration. To the west, the Property is shadow anchored by three of the largest home furnishing retailers in the nation – IKEA, Rooms-To-G0 and Ashley Furniture. To the east lies Stonebriar Centre, a three-level 1.6 million square-foot fortress mall, and the 908,000 square-foot Centre at Preston Ridge. S.H. 121 and the Dallas North Tollway provide more than 185,000 consumers convenient access to the Property each day, creating an ideal retail location for national and regional retailers, and a permanent competitive advantage.
8008 State Hwy 121
Frisco, TX 75034