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Prestonwood Polo Crossing Phase II FM 720
1,540 - 12,250 SF of Retail Space Available in Oak Point, TX 75068
Highlights
- Prestonwood Polo Crossing Phase I is 100% leased, Phase II 12,200 square feet of retail/ office space is coming soon & now pre-leasing.
- Oak Point is rapidly growing with 1,000 new homes across the street and a population expected to grow 23% by 2027 in a three-mile radius.
- Claim a spot in the only shopping center on the Oak Point peninsula between the waterfront and Highway 380, build-outs are available.
- Just under a mile from Prestonwood Polo Club and join these top brands: Starbucks, McDonalds & 7-Eleven with CVS & Dunkin Donuts the street.
- Positioned in an affluent area with average household incomes of $124,082 and $1.3 billion in annual consumer spending in a five-mile radius.
- Highly connected to the communities of Denton, Little Elm, and Frisco with Lewisville Lake traffic bringing 13,000 vehicles per day on FM 720.
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,540-12,250 SF | 5-10 Years | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
Brand new retail space, ideal for restaurants, salons, medical clinics, dry cleaners, and more. The center is already anchored by Starbucks and has an existing 7-Eleven and CVS on the corner with an incoming daycare next door, providing ample consumer draws. The space is slated for delivery in December 2022.
- Located in-line with other retail
- Space is in Excellent Condition
- Build-Out Available
- Traffic Counts in Excess of 16,000 VPD
- Near the Incoming Prestonwood Polo Club
- Signage
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT Prestonwood Polo Crossing Phase II
- Tenant
- Description
- US Locations
- Reach
- Starbucks
- Accommodation and Food Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Starbucks | Accommodation and Food Services | - | - |
PROPERTY FACTS FOR FM 720 , Oak Point, TX 75068
| Min. Divisible | 1,540 SF | Gross Internal Area | 12,250 SF |
| Property Type | Retail | Year Built | 2025 |
| Property Subtype | Storefront | Construction Status | Proposed |
| Min. Divisible | 1,540 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 12,250 SF |
| Year Built | 2025 |
| Construction Status | Proposed |
About the Property
Phase I 100% leaed, Phase II 12,200 sf comin soon. Nestled amongst the affluent suburban sprawl of Oak Point’s high-end mansions and picturesque lake homes, Prestonwood Polo Crossing presents the opportunity to capture a ubiquitous presence on the peninsula at the only shopping center between the waterfront and Highway 380. A Starbucks will anchor the 10,875-square-foot center. An adjacent pad site is already under lease for a daycare center. The development is already fortified with solid consumer draws with an existing 7-Eleven and CVS on the corner. Construction began in June 2022, with Prestonwood Polo Crossing Phase I delivering in mid-2023, now 100% leased. 12,200 sf Phase II is now pre-leasing, allowing any business to join this highly successful Development's top brands: Starbucks, Mcdonalds & 7-11 with a space ideally suited to dominate this bountiful market. The center derives its name from the upscale Prestonwood Polo Club built just under a mile from the development, a microcosm of the region's abundant nature. Residential developers are clamoring to meet demand with dozens of communities underway, including the Wildridge neighborhood bringing over 1,000 homes, priced between the $400,000s and $700,000s, just across the street from Prestonwood Polo Crossing. Average household incomes within a 15-minute drive top out at a lofty $126,113, with annual consumer spending reaching $1.4 billion in that same distance. Oak Point is also a premier destination for the surrounding communities of Frisco, Denton, and Little Elm, with many activities along Lewisville Lake and the lush parks on the peninsula, leading to combined traffic counts around the center of more than 16,000 vehicles per day. With the closest restaurants, supermarkets, salons, cleaners, or medical clinics three miles away in a congested shopping center, the well-endowed area lacks essential local amenities, creating a clear opening for any business to become a vital part of these communities.
-
Vaughn Miller -
VCM Development Group
Presented by
Prestonwood Polo Crossing Phase II | FM 720
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