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6/02/25
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A local private investor purchased Independence Plaza, a 15k sf, multi-tenant retail property in Frisco, TX. Built in 2018, the property is fully occupied by seven food and service-based tenants.
The property sits on 1.86 acres at 5266 Independence Pkwy, off of Sam Rayburn Tollway, which averages 94,000 vehicles passing by per day and is at the center of a primary retail corridor with nearby tenants including Target, Lowe’s, Ross, and Kroger, among others. There are approximately 362,000 residents and 134,000 employees within a five-mile radius.
Michael Kaplan with SRS Capital Markets represented the seller, a family office who developed the property. The price was not disclosed.
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