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ITCU Sublease 4940 W University Dr 2,118 SF of Office/Retail Space Available in Prosper, TX 75078
SUBLEASE HIGHLIGHTS
- 2,118 SF End-Cap Retail Space – Prime visibility and accessibility
- Flexible Interior Layout – 2 Private Offices, Break Room, Conference Room & Open Workstations
- Surrounded by Major Retailers – Kroger, H-E-B, Walmart, The Home Depot & More
- Dedicated Drive-Thru – Perfect for high-traffic customer service businesses
- Strong Traffic Counts – 46,604 VPD on US 380 & 39,521 VPD on FM 423/Gee Rd (2023)
- Sublease Available Through December 2029 – Negotiable Terms
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 10 | 2,118 SF | Dec 2029 | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 10
- Sublease space available from current tenant
- Space is in Excellent Condition
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 broker 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.
SELECT TENANTS AT ITCU SUBLEASE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Flame Broiler
- Accommodation and Food Services
- 1
- -
- Gideon Math and Reading Center
- Services
- 1
- -
- InTouch Credit Union
- Bank
- 16
- National
- Restore Hyper Wellness + Cryotherapy
- Retailer
- 1
- -
- Sport Clips, Inc
- Salon/Barber/Spa
- 3,022
- International
- Wingstop
- Fast-food
- 2,735
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Flame Broiler | Accommodation and Food Services | 1 | - |
| Gideon Math and Reading Center | Services | 1 | - |
| InTouch Credit Union | Bank | 16 | National |
| Restore Hyper Wellness + Cryotherapy | Retailer | 1 | - |
| Sport Clips, Inc | Salon/Barber/Spa | 3,022 | International |
| Wingstop | Fast-food | 2,735 | International |
PROPERTY FACTS
| Total Space Available | 2,118 SF | Total Land Area | 2.11 AC |
| Property Type | Retail | Year Built | 2019 |
| Property Subtype | Bank | Parking Ratio | 4.47/1,000 SF |
| Gross Leasable Area | 12,972 SF |
| Total Space Available | 2,118 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 12,972 SF |
| Total Land Area | 2.11 AC |
| Year Built | 2019 |
| Parking Ratio | 4.47/1,000 SF |
ABOUT THE PROPERTY
An exceptional opportunity to sublease a 2,118 SF end-cap retail space in Prosper, TX, featuring a dedicated drive-thru and prime visibility along US Highway 380. This modern retail suite, built in 2019, includes two private offices, a break room, a conference room, and multiple open workstations, making it ideal for various business uses. The property is strategically positioned in a high-traffic area near Kroger, H-E-B, Walmart, The Home Depot, and LA Fitness, ensuring strong customer exposure. The sublease term runs through December 31, 2029, and the asking rate is negotiable.
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| W University Dr | Doe Creek Rd, W | 22,796 | 2022 | 0.20 mi |
| FM 423 | W University Dr, N | 29,213 | 2022 | 0.21 mi |
| Farm-to-Market Road 423 | W University Dr, N | 30,048 | 2020 | 0.21 mi |
| Good Hope Rd | W University Dr, S | 88 | 2022 | 0.59 mi |
| Rockhill Parkway | Renner Ln, SW | 8,596 | 2022 | 0.62 mi |
| Hawkins Ln | Dirt Road Through Field, N | 1,167 | 2018 | 0.70 mi |
| Gibbs Rd | Hawkins Ln, E | 413 | 2018 | 0.73 mi |
| Fishtrap Rd | Gee Rd, W | 425 | 2022 | 0.76 mi |
| FM 1385 | W University Dr, S | 14,465 | 2022 | 0.91 mi |
| Farm-to-Market Road 1385 | W University Dr, S | 18,405 | 2020 | 0.91 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
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Aerial
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