The Robertson’s Creek investment is a venture between Silverado Interest, and Dunhill Partners. The property is a 336,402 square foot shopping center originally built in 2007 in Flower mound, Texas. Situated at the primary retail intersection of Flower Mound, Robertson’s Creek has exceptional visibility along FM 2499. Robertson’s Creek is situated in an affluent suburb with great access to major employment centers in Dallas, Fort Worth, Irving, and Plano. The Shopping Center is 96.24% occupied and has a strong mix of national brand anchor retailers including Hobby Lobby, Dick’s Sporting Goods, Old Navy, Belk (Ground Lease), JC Penney (Shadow Anchor). The property has attracted numerous national credit retailers which accounts for approximately 79% of the occupied GLA. The acquisition of Robertson’s Creek a highly stable income stream and rent growth with the lease up of the remaining square feet and in-place contractual rental increases.
Robertson’s Creek is an established, high performing shopping center located at the best retail intersection in the area. Flower Mound is an affluent suburb in the DFW Metroplex with a median household income of $135,000 and average net worth of $909,242, both twice the state average. Median home values in the Region are $622,641 which is five times the state average. Tenants have excellent sales productivity with all tenants posting year over year sales growth. The property will be able to give investors an immediate cash flow on their investment with additional cash flow available as remaining vacancy is leased up.