401-403 N Interurban St - Storefront FOR SALE


Richardson, TX 75081
$2,163,000 USD
972-685-1421
401-403 N Interurban St, Richardson, TX for Sale
$2,163,000 USD
Storefront - FOR SALE
1/9
null | 7.15% Cap Rate

401-403 N Interurban St
Richardson, TX 75081


HIGHLIGHTS

  • Newly Renovated Masonry Construction Multi-Tenant Asset Located in the Dense & Affluent DFW Submarket of Richardson, TX
  • Rents Average $20.13 PSF NNN
  • Highly Anticipated Turn Key Make Ready Improvements for Suite 200; Bathroom, New Drywall, Polished Floor, Exposed Vaulted Ceiling & HVAC
  • Average Household Income Exceeds $137,500 & $122,000 in a 1 & 3 Mile Radii, Respectively
  • Richardson Ranks as 14th Best City to Live in America & 14th Best City to Raise a Family in America (Niche.com)
  • Benefits from Hard Corner Positioning, Onsite Parking, Storefront Glass Along Front of Property, Masonry Construction & Compelling Demographics

OVERVIEW

Interurban Investment Opportunity is a 7,650 SF multi-tenant asset opportunity located adjacent to the Telecom Corridor with favorable positioning along Highway 75 in Richardson, Texas. The Property is located 15 minutes from downtown Dallas, 20 minutes from Dallas Fort Worth International Airport and 35 minutes from Fort Worth. Renovated in 2022, Interurban Investment Opportunity underwent comprehensive and highly relevant interior and exterior improvements. Additionally, ownership is currently in process of highly anticipated improvements to Suite 200 for turn key tenant ready move in including bathroom, new drywall, polished floor, exposed vaulted ceiling & HVAC. The Property is currently leased with rents averaging only $20.13 PSF NNN, which are at or below market for comparable caliber space. Interurban Investment Opportunity is priced below replacement cost at $293.83 PSF. The Property benefits from its hard corner positioning, onsite parking, storefront glass along front of property, masonry construction and compelling demographics. Interurban Investment Opportunity is located within a dense submarket of north Dallas with a total population exceeding 391,200 in a 5 mile radius. Neighboring notable national credit retailers include Target, Lowe’s, Ross, LA Fitness, Chick Fil A, McDonalds, Dunkin’ Donuts and Chipotle among numerous others.

FOR SALE DETAILS

PRICE

$2,163,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Interurban Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

I

APN/PARCEL ID

421085000519A0000

ASK ABOUT THIS PROPERTY

Harry HardinSHOP CompaniesMore Info
972-685-1421

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Harry HardinSHOP CompaniesMore Info
972-685-1421

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