Take Five (formerly Knuckies Hoagies) Build to Suite
Princton, TX (DFW MSA)

Property Snapshot | Single-tenant retail development in the high-growth Princeton, Texas market. Originally developed as a build-to-suit restaurant site and later repositioned for a national automotive service tenant.

Closed: 9/18/23

This Princeton, Texas property began as a build-to-suit development for Knuckies Hoagies, located directly in front of a Market Street grocery store within a rapidly expanding retail corridor.

During the course of the project, the tenancy transitioned, and the site is now being repositioned for a Take 5 Oil Change location. The repositioning reflects the continued demand for convenient, service-oriented retail concepts in high-growth suburban markets.

The property benefits from strong visibility and access along a primary retail corridor serving the surrounding residential trade area. The nearby Market Street grocery store acts as a key traffic driver for the development and surrounding retail.

This project illustrates Criterion’s ability to navigate tenant transitions while maintaining the long-term viability of a retail asset. The site’s location, accessibility, and surrounding population growth continue to support durable demand for daily-use retail.

Criterion actively seeks similar retail real estate opportunities in growing suburban markets where strong locations and disciplined asset management can support long-term value creation.