1837 W Frankford Rd - Storefront Retail/Office FOR SALE


Carrollton, TX 75007
$7,402,000 USD
214-335-4068
1837 W Frankford Rd, Carrollton, TX for Sale
$7,402,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 7.25% Cap Rate

1837 W Frankford Rd
Carrollton, TX 75007


HIGHLIGHTS

  • 100% Leased Retail Center Located Just off Interstate 35E within Affluent Submarket of Carrollton, TX (DFW)
  • Net Effective Rent of $17.80 PSF
  • Priced Well Below Replacement Cost at $237.75 PSF
  • Average Household Income Exceeds $218,900 & 139,500 in a One- & Three-Mile Radius, Respectively
  • Unique Access to Southbound Interstate 35E Traffic by way of Exit Loop Located Directly Across from Property
  • Seven (7) of Nine (9) Tenants are Restaurant, Catering or Commissary Kitchens

OVERVIEW

Frankford Point Plaza is a 100% leased, 31,134 SF retail center located in the in the highly affluent northern DFW submarket of Carrollton, TX. Situated on an oversized 3.89-acre parcel, the Property is positioned along Frankford Road just off Interstate 35E approximately ten (10) minutes from DFW airport, twenty (20) minutes from Downtown Dallas and thirty (30) minutes from downtown Fort Worth. Frankford Point Plaza is leased to a compelling mix of restaurant, commissary and catering services with net effective rent of $17.80 PSF which is below market rent for similar assets. The Property benefits form excellent positioning to Frankford Road, shallow bay depth, a two sided monument sign fronting Frankford Road, a highly visible two sided pylon sign fronting Interstate 35E, multiple ingress/egress points and an exceptional parking field. The property also benefits from unique accessibility to traffic traveling southbound on Interstate 35E by way of an exit loop intersecting with Frankford Road directly across from the property. Frankford Point Plaza is offered at $237.75 PSF which is well below replacement costs. The average household income exceeds $218,900 and $139,500 in a one and three mile radius, respectively. Nearby notable national retailers include Costco, Target, Walmart, Aldi, Lowes, Home Depot, Kroger, Starbucks, Best Buy, Chick Fil A, Ulta & Chipotle.

FOR SALE DETAILS

PRICE

$7,402,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frankford Point Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

CROSS STREETS

I-35

LAND ACRES

3.89 AC

LAND SF

169,448 SF

ZONING

Commercial

APN/PARCEL ID

R243017

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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