18965 Lyndon B Johnson Fwy - Bank FOR SALE


Mesquite, TX 75150- Greater Mesquite
$2,319,000 USD
972-755-5207
18965 Lyndon B Johnson Fwy, Mesquite, TX for Sale
$2,319,000 USD
Bank - FOR SALE
1/4
null | 6% Cap Rate

18965 Lyndon B Johnson Fwy
Mesquite, TX 75150
Greater Mesquite


HIGHLIGHTS

  • Recent 5-Year Renewal – Corporate Ground Lease
  • Outparcel to Marketplace at Towne Centre – 4.8 Million Annual Visitors
  • Large 1.44-Acre Parcel Along Interstate 635 (156,624 Vehicles Per Day)
  • Built-In Consumer Base – 3,700+ Apartment and Townhome Units in the Immediate Area and North Mesquite High School
  • Limited Branch Saturation – No Other Comerica Branch Within Five Miles
  • More Than 334,000 Residents Within a Five-Mile Radius – Located in the Rapidly Growing Dallas– Fort Worth Metroplex

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a Comerica Bank ground lease located at 18965 LBJ Freeway in Mesquite, Texas. The property consists of a 1.44-acre parcel positioned as an outparcel to a high-traffic retail center attracting over 4.8 million annual visitors. This offering provides investors with the rare chance to secure a passive, long-term ground lease to a top 25 U.S. bank by total assets, backed by strong corporate credit and minimal landlord responsibilities.

FOR SALE DETAILS

PRICE

$2,319,000 USD

PRICE/SF

$580 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comerica Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

Z31

APN/PARCEL ID

381241000A04R0000

ASK ABOUT THIS PROPERTY

Ryan WolfMarcus & MillichapMore Info
972-755-5207

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Ryan WolfMarcus & MillichapMore Info
972-755-5207

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