for sale or lease ± 314,446 sf available€¦ · w. 15th blvd venue k subject property arker road...

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For more information contact: George Tanghongs Lee & Associates [email protected] D 972.934.4008 Adam Graham Lee & Associates [email protected] D 972.934.4011 Daniel Eng ENGVEST [email protected] D 469.916.8828 For Sale or Lease lee-associates.com White Rock Lake Addison Airport 12 78 66 121 190 12 35E 14 635 30 635 67 30 75 75 r Highland Park DALLAS Rowlett Garland Sachse Wylie Allen Fairview Lucas Parke Plano St Paul Murphy Richardson Addison University Park Farmers Branch The Colony Carrollton Hebron White Rock Lake Park Trinity River Greenbelt Park Dallas Love Field 1717 E. Spring Creek Parkway is a 314,446 SF multipurpose enclosed mall that sits on 26.35 acres. The property is located just east of Interstate 75 on Spring Creek Parkway in Plano, TX, within close proximity to existing retail, residential, the Plano (Convention) Centre, and the new $120 million Regent Property that is currently under construction. The property previously housed multiple tenants including Garden Ridge / At Home as the main Anchor. Several small tenants remain, all whom have month-to-month leases in place. This asset is poised for new ownership to either update the existing structure and re-tenant the property, or completely redevelop the site. Current zoning allows for retail, office, and flex, however, the City of Plano, would further entertain hotel, senior living, data center, and other uses. Ultimately, the site will need to be a supportive use to the city’s overall master plan including the expansion of the DART line, Collin College, and The Plano (Convention) Centre. 1717 E. Spring Creek Pwky, Plano, TX 75074 ± 314,446 SF AVAILABLE

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Page 1: For Sale or Lease ± 314,446 SF AVAILABLE€¦ · W. 15TH BLVD VENUE K SUBJECT PROPERTY ARKER ROAD 75 75 Collin College Plano (Convention) Centre Plano Athletic Stadium Clark High

For more information contact:

George TanghongsLee & [email protected] 972.934.4008

Adam GrahamLee & [email protected] 972.934.4011

Daniel [email protected] 469.916.8828

For Sale or Lease

lee-associates.com

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1717 E. Spring Creek Parkway is a 314,446 SF multipurpose enclosed mall that sits on 26.35 acres. The property is located just east of Interstate 75 on Spring Creek Parkway in Plano, TX, within close proximity to existing retail, residential, the Plano (Convention) Centre, and the new $120 million Regent Property that is currently under construction. The property previously housed multiple tenants including Garden Ridge / At Home as the main Anchor. Several small tenants remain, all whom have month-to-month leases in place.

This asset is poised for new ownership to either update the existing structure and re-tenant the property, or completely redevelop the site. Current zoning allows for retail, office, and flex, however, the City of Plano, would further entertain hotel, senior living, data center, and other uses. Ultimately, the site will need to be a supportive use to the city’s overall master plan including the expansion of the DART line, Collin College, and The Plano (Convention) Centre.

1717 E. Spring Creek Pwky, Plano, TX 75074 ± 314,446 SF AVAILABLE

Page 2: For Sale or Lease ± 314,446 SF AVAILABLE€¦ · W. 15TH BLVD VENUE K SUBJECT PROPERTY ARKER ROAD 75 75 Collin College Plano (Convention) Centre Plano Athletic Stadium Clark High

PROPERTY OVERVIEWCounty: CollinMarket: Far North Dallas RetailSub Market: Central Plano RetailCurrent Zoning: Retail District See Permitted Uses at: http://www.plano.gov/documentcenter/view/1364

BUILDING DATATotal Building SF: 314,446 SFSprinklered: YesParking: 1,365 Free Surface SpacesYear Built: 1983Year Refurbished: 1994Power: 110 Single Phase and 460 3 Phase

LISTING DATAAvailable SF: 314,446 SFLoading Docks: 3 Dock High Doors 1 Grade Level DoorLand Area: 26.35 Acres (1,147,741 SF)Data: Fiber Available (Frontier & more)Roof: New Roof Installed in 2015

TRAFFIC COUNTS (2014)Avenue K: 23,302 CPDSpring Creek: 40,696 CPDUS 75: 183,077 CPD

DEMOGRAPHICS (2014) 1 Mile 3 Mile 5 MilePopulation 8,957 103,063 296,206Growth 2016-2021 12.66% 11.83% 12.13%2010 Household Census 3,021 35,359 92,6472016 Avg. Household Income $80,247 $92,666 $111,144

The property information/detail contained herein has been obtained from other sources believed to be reliable, and DFW Lee & Associates, LLC has not independently verified such information’s accuracy. DFW Lee & Associates, LLC makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information provided herein nor the condition of the property and expressly disclaims all such warran-ties, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Buyer/Lessee should perform its own due diligence regarding the accuracy of the information upon which buyer/lessee relies when entering into any transaction with seller/lessor herein. Furthermore, the information provided herein, including any sale/lease terms, are being provided subject to errors, omissions, changes of price or conditions, prior sale or lease, and withdrawal without notice. This property is being co-listed by ENGVEST.

For Sale or Lease

1717 E. Spring Creek Pwky, Plano, TX 75074 ± 314,446 SF AVAILABLE

Page 3: For Sale or Lease ± 314,446 SF AVAILABLE€¦ · W. 15TH BLVD VENUE K SUBJECT PROPERTY ARKER ROAD 75 75 Collin College Plano (Convention) Centre Plano Athletic Stadium Clark High

For Sale or Lease

The property information/detail contained herein has been obtained from other sources believed to be reliable, and DFW Lee & Associates, LLC has not independently verified such information’s accuracy. DFW Lee & Associates, LLC makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information provided herein nor the condition of the property and expressly disclaims all such war-ranties, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Buyer/Lessee should perform its own due diligence regarding the accuracy of the information upon which buyer/lessee relies when entering into any transaction with seller/lessor herein. Furthermore, the information provided herein, including any sale/lease terms, are being provided subject to errors, omissions, changes of price or conditions, prior sale or lease, and withdrawal without notice.

1717 E. Spring Creek Pwky, Plano, TX 75074 ± 314,446 SF AVAILABLE

Page 4: For Sale or Lease ± 314,446 SF AVAILABLE€¦ · W. 15TH BLVD VENUE K SUBJECT PROPERTY ARKER ROAD 75 75 Collin College Plano (Convention) Centre Plano Athletic Stadium Clark High

For more information contact:

George TanghongsLee & [email protected] 972.934.4008

Adam GrahamLee & [email protected] 972.934.4011

Daniel [email protected] 469.916.8828

For Sale or Lease

lee-associates.com

BETHANY DRIVE

McDERMOTT DRIVE

SPRING CREEK

W. PARKER ROAD

W. PARK ROAD

W. 15TH BLVD

AVEN

UE K

SUBJECT PROPERTY

PARK

ER RO

AD

75

75

Collin College

Plano(Convention)

Centre

Plano Athletic Stadium

Clark High

School

Regent Property Development

1717 E. Spring Creek Pwky, Plano, TX 75074 ± 314,446 SF AVAILABLE