116–118 W Irving Blvd (the “Property”) is a two-tenant retail asset located in the heart of Irving’s revitalized Heritage District, a pedestrian-friendly, historically rich area in Irving, Texas. Originally built in 1959, the 2,850-square-foot property is fully occupied by two tenants: a Pilates studio and a vape shop. The vape shop is secured on a three-year lease, while the Pilates studio recently signed a five-year lease, resulting in a blended Weighted Average Lease Term (WALT) of approximately 2.96 years.
Positioned just off Main Street, the property benefits from strong visibility and walkability in a growing corridor filled with locally owned restaurants, specialty retailers, and service-based businesses. The surrounding blocks have seen steady reinvestment and adaptive reuse activity, reflecting the city's broader commitment to revitalizing the district.