1222 N Bishop Ave - Retail FOR SALE


Dallas, TX 75208- Kessler
$11,544,000 USD
214-960-2887
1222 N Bishop Ave, Dallas, TX for Sale
$11,544,000 USD
Retail - FOR SALE
1/5
null | 5.35% Cap Rate

1222 N Bishop Ave
Dallas, TX 75208
Kessler


HIGHLIGHTS

  • Irreplaceable Generational Retail Asset
  • Located In Bishop Arts District Across from Methodist Dallas Medical Center (400+ Bed Hospital)
  • Full Masonry, Shallow Bay Depth, Significant Parking, Hard Corner Positioning & Drive Thru End Cap
  • Total Daytime Population Exceeds 548,300 in a 5-Mile Radius
  • 4 of 5 Tenants Have Annual Rent Escalations & All Tenants Options are at Market Rents
  • Future Potential Covered Land Play Development Site of 1.96 Acres in Urban Core Location

OVERVIEW

Comerica Bank, Methodist, Jimmy John's, Gupta Smile Studio, & UPS Store is a 15,388 square foot irreplaceable multi-tenant retail center located at the signalized intersection of Colorado Boulevard and Bishop Avenue, across the street from Methodist Dallas Medical Center (400+ beds), and in close proximity to Dallas Central Business District, Design District, Bishop Arts District and Uptown. Southwest Dallas is one of the energetically growing regions in DFW with numerous areas of activity. Particularly, Bishop Arts has approximately $350 million in planned and ongoing development which includes over 1,500 new residential units, 84,000 SF of retail, and 112,000 SF of office. Bishop Avenue will double in size and more than 2 acres of walkable outdoor space/over 700 parking spaces will be added. Additionally, Bishop Arts Station (NWC & SWC of Davis & Zang) is a recently completed mixed-use development that includes 215 apartment units and 21,500 SF of retail/restaurant on the ground floor. North of Comerica Bank, Methodist, Jimmy John's, Gupta Smile Studio & UPS Store is the flourishing Trinity Groves district and the $50 million Sylvan Thirty development. In all, approximately 3,000 units have been constructed or planned for development in that area. Currently over 387,000 people live within a 5-mile radius. Notable retailers in the Bishop Arts District are Village Baking Co., Lucia, Dude Sweet Chocolate, Encina and Hugo’s Seafood Bar, amongst others.

FOR SALE DETAILS

PRICE

$11,544,000 USD

PRICE/SF

$734 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comerica, Methodist, Jimmy John's, UPS Store

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

CROSS STREETS

Bishop

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

LO3 Comm/Restl

APN/PARCEL ID

003363000M01A0000

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-960-2887

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Tommy TuckerSHOP CompaniesMore Info
214-960-2887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.