Cap Rate
8.32%
Price Per SF
$65
Gross SQFT
17,617
Year Built
1962
NOI
$95,615
Property Type
Retail
INVESTMENT HIGHLIGHTS
- The subject property is in the heart of Dallas Fort-Worth MSA (4th Largest in the Country) Priced well below replacement cost
- There are over 77,000 – 225,000 residents within the 2-mile and 5-mile radius of the subject property
- All tenants operate on short-term leases. Through renewals and assigning longer leases, there is immediate upside for an experienced investor
- While the property is only generating slightly below $11.00 / Gross PSF, CoStar reports that this submarket is demanding $19.00 –$20.00 / Gross PSF. This spread offers substantial upside for a Value Add-Investor
- Located on a busy thoroughfare and just minutes away from Highway 183 and Loop 12 providing ease of access throughout the metroplex
- Two Major Airports within 10 Miles – DFW International Airport is the #4 Busiest Airport in The World and Dallas Love Field is ranked as one of the nation’s fastest-growing airports in the past 10 years.
Broker of Record
- Kyle Matthews
- License No. 9005919 (TX)
- (310) 919-5757
- Matthews Retail Group, Inc.
- 841 Apollo Street. Suite 150,
El Segundo, CA 90245