Inline retail, anchored center

An endcap with patio rights in a grocery-anchored center, in a trade area where inline vacancy has stayed under five percent through the cycle.

The space

Endcap with 46 feet of frontage, a patio easement already granted, and a grease interceptor stubbed for a restaurant user. The center is grocery anchored with a lease that runs well past any term a new inline tenant would sign.

Preston Center rarely has inline space, and when it does it is usually mid-run rather than an endcap. Landlord is delivering vanilla shell with a tenant improvement allowance.

Highlights

• Endcap with 46 ft of frontage and patio rights
• Grease interceptor and venting stubbed
• Grocery anchor with long remaining term
• Vanilla shell with a tenant improvement allowance
• Trade area inline vacancy under five percent

Location

Preston Center draws from Highland Park, University Park and Preston Hollow, which is the highest-income catchment inside the loop. Daytime population is carried by the office towers immediately north, so lunch and dinner both work here.