13604-13608 Midway Road - Retail FOR SALE


Dallas, TX 75244- Farmers Branch
$8,359,000 USD
214-335-4068
13604-13608 Midway Road, Dallas, TX for Sale
$8,359,000 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

13604-13608 Midway Road
Dallas, TX 75244
Farmers Branch


HIGHLIGHTS

  • Well Positioned Unanchored Neighborhood Retail & Showroom Center at the Hard Corner Intersection of Midway & Alpha Road in Dallas, TX
  • Rents Average $16.07 PSF NNN while Retail Space in the Area is Leasing in the High $20's to Mid $30's PSF NNN
  • Priced Well Below Replacement Cost at $267.77 PSF
  • North Dallas Design District Features over 12,300,000 SF of Office, Industrial and Retail GLA (CoStar), Combined with the Metropolitan Business Park
  • Average Household Income Exceeds $123,700, $126,500 & 131,900 in a One, Three & 5 Mile Radius, Respectively
  • Exceptional Visibility, Highly Visible Two-Sided Branded Monument Sign, an Outdoor Patio for BK Khan BBQ and Partial Masonry Construction

OVERVIEW

Branch Park is a 100% leased 31,217 SF retail center located moments north of Interstate 635 adjacent to the Metropolitan Business Park and North Dallas Design District in Dallas, Texas. Situated on 2.10 acres, the Property is positioned at the hard corner of Midway Road and Alpha Road approximately 15 minutes from downtown Dallas and DFW International Airport and 30 minutes from Fort Worth. Branch Park is leased to a complimentary mix of restaurant, service and showroom tenants with three (3) of four (4) tenants experiencing annual rent escalations during their primary term. Rents average just $16.07 PSF NNN , while retail space in the area is leasing in the high $20's to mid $30's PSF NNN.

FOR SALE DETAILS

PRICE

$8,359,000 USD

PRICE/SF

$268 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Branch Park

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

F1

APN/PARCEL ID

24118500020020000

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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