The Exchange at Frisco Station
Frisco, TX · North Dallas / Collin County
The Exchange is a stabilized lifestyle retail asset adjacent to one of the most active mixed-use districts in North Texas. This is an income-first allocation: current occupancy is 93% with a weighted average lease term above six years and annual escalators embedded across the rent roll.
Value-add is deliberately modest. Approximately 9,000 square feet of remaining vacancy sits in the most visible pedestrian frontage of the project and has been held back by prior ownership's capital constraints rather than demand. Lease-up at market terms drives the majority of the incremental return.
The strategy suits investors seeking earlier and steadier distributions than a heavy value-add profile, with an equity multiple target that reflects the lower risk position.
- 128,000 SF
- Gross Leasable Area
- 93%
- Occupancy
- 2019
- Year Built
- 8.1%
- In-Place Cash Yield
| Tenant | Category | SF | Expiry |
|---|---|---|---|
| Chef-Driven Restaurant Row | F&B | 31,000 | 2030–2034 |
| Specialty Grocer | Grocery | 22,000 | 2036 |
| Boutique Fitness | Fitness | 12,500 | 2033 |
| Experiential / Lifestyle | Retail | 28,000 | Rolling |
| Available | Vacancy | 9,000 | — |
- $154,300
- Median HH Income (3-mi)
- +27.9%
- Population Growth (5-yr)
- 2.6%
- Submarket Retail Vacancy
- 96,400
- Daytime Population (3-mi)
Illustrative distribution and capital event timeline on a $100,000 position.
Projections are illustrative, unaudited, and provided for design purposes only. Actual results will differ.
