Marcus & Millichap Inc.
05/15/2026 | Press release | Archived content
Marcus & Millichap Brokers Sale of Fully Leased Retail Asset in Flower Mound, Texas
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Marcus & Millichap Brokers Sale of Fully Leased Retail Asset in Flower Mound, Texas
May 15, 2026
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FLOWER MOUND, Texas, May 15, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Long Prairie Plaza, a 17,107-square-foot fully leased retail asset in Flower Mound, Texas.
"The Dallas-Fort Worth retail market, particularly in suburban areas like Flower Mound, remains strong due to population growth, high household incomes and consistent demand for service-oriented tenants," said Philip Levy, executive managing director investments. "Private capital continues to target newly constructed, service-based retail in high-income suburbs, where tenant demand and limited new supply are supporting long-term rent growth."
Levy and Chris Gainey, investment specialists in Marcus & Millichap's Dallas and Fort Worth offices, had the exclusive listing to market the property on behalf of the seller and procured the buyer, a Florida-based private capital investor.
1400 Long Prairie Road comprises two adjacent multi-tenant buildings constructed in 2022, and all space currently 100% leased on triple-net terms. Tenants include a diverse mix of service-based businesses, including Active Dental, Teacupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelena Head Spa, Degree Wellness and Donatos Pizza. The property is in a prime commercial corridor with traffic counts exceeding 41,600 vehicles per day and is near local amenities, several school campuses and dense residential developments.
"The Dallas-Fort Worth retail market, particularly in suburban areas like Flower Mound, remains strong due to population growth, high household incomes and consistent demand for service-oriented tenants," said Philip Levy, executive managing director investments. "Private capital continues to target newly constructed, service-based retail in high-income suburbs, where tenant demand and limited new supply are supporting long-term rent growth."
Levy and Chris Gainey, investment specialists in Marcus & Millichap's Dallas and Fort Worth offices, had the exclusive listing to market the property on behalf of the seller and procured the buyer, a Florida-based private capital investor.
1400 Long Prairie Road comprises two adjacent multi-tenant buildings constructed in 2022, and all space currently 100% leased on triple-net terms. Tenants include a diverse mix of service-based businesses, including Active Dental, Teacupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelena Head Spa, Degree Wellness and Donatos Pizza. The property is in a prime commercial corridor with traffic counts exceeding 41,600 vehicles per day and is near local amenities, several school campuses and dense residential developments.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on May 15, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 18, 2026 at 22:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]