4334 Lemmon Ave - Freestanding FOR SALE


Dallas, TX 75219- Oak Lawn
$5,233,000 USD
214-335-4068
4334 Lemmon Ave, Dallas, TX for Sale
$5,233,000 USD
Freestanding - FOR SALE
1/6
null | 6.65% Cap Rate

4334 Lemmon Ave
Dallas, TX 75219
Oak Lawn


HIGHLIGHTS

  • Urban Infill Location, Single Tenant Asset on Lemmon Avenue Adjacent to Highland Park within Dallas, TX
  • Lemmon Avenue Retail Submarket Features Extremely High Barriers to Entry
  • Total Daytime Population Exceeds 647,900 People in 5-Mile Radius
  • Highly Desirable Neighborhoods within Minutes Include Highland Park (Over $200,000 Average Income), Oak Lawn, Bluffview & University Park
  • Mia’s Tex Mex Originally Opened in 1981 & Won Best Tex Mex of Big D in 2019 According to DMagazine.com
  • Favorable Rent-to-Sales Ratio with Tenant Operating on Lemmon Avenue for 40+ Years

OVERVIEW

Mia’s Tex Mex is located on Lemmon Avenue within the prestigious Oak Lawn neighborhood of Dallas, Texas. Positioned just off the signalized intersection of Lemmon Avenue and Wycliff Avenue on 0.36 acres, the Property is in close proximity to prominent DFW neighborhoods such as Oak Lawn, Highland Park, Uptown, Downtown, Turtle Creek, Bluffview and University Park, and moments from Dallas Love Field Airport. Renovated in 2020, Mia’s Tex Mex recently signed a 10-year double net lease through September 2030 with a 11.5% rent escalation in year 6 and two, 5-year renewal options. The Property benefits from exceptional demographics, a 7,399 SF building, a rare 6,615 SF parking garage located below the property and highly visible illuminated, two-sided pylon sign fronting Lemmon Avenue. Originally opened in 1981, Mia’s Tex Mex is consistently considered a Dallas Tex Mex staple and has won numerous awards and has been mentioned as Best Tex Mex for the Best of Big D in 2019 according to DMagazine.com, was recognized as a top 10 Tex-Mex restaurant in Dallas and holds a top 15 spot for essential Tex-Mex restaurants in Dallas according to Eater Magazine. Nearby retailers include Whole Foods, Tom Thumb, Kroger, CVS Pharmacy, Eatzi’s, Bob’s Steak & Chop House, Snap Kitchen, Capital One, Chase Bank, Starbucks, 7-Eleven, Verizon, AT&T and Smoothie King, among others.

FOR SALE DETAILS

PRICE

$5,233,000 USD

PRICE/SF

$707 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mia's Tex Mex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

GR, Dallas

APN/PARCEL ID

001581000109A0000

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.