EXCELLENT LOCATION: Located at the southwest corner of Ross Ave and N Prairie Ave, between Grigsby Ave and N Fitzhugh Ave, the Property is well-positioned in the heart of East Dallas. The area is quickly redeveloping with over 4,600 new multifamily, condo and townhome units in developments such as Gatsby on Ross, Encore Swiss Ave and Modera Hall Street, among others. The Property is just minutes from Downtown Dallas, Baylor University Medical Center, Deep Ellum and Dallas’ Uptown and East Dallas Neighborhoods.
IDEAL QSR PAD SITE: The Property is a ±0.436 acre pad site with an existing ±4,765 SF building that can be demolished to accommodate a quick serve restaurant or other retail user. There is a conceptual site plan configured for a small footprint restaurant with two drive-thru lanes. The liberal PD 298 (Subarea 4) zoning district permits drive-thru restaurants by right as well as other retail uses.
STRONG DEMOGRAPHICS: With a population of approximately 38,799 and 206,617 living within a 1 and 3 mile radii of the Property respectively, the Property benefits from a dense pool of consumers in close proximity. The population within a 1 mile radius of the Property has experienced a dramatic 27.91% increase since 2010. Additionally, the average household income within a 3 mile radius of the property is $115,929.
MANY AREA TRAFFIC DRIVERS: Retailers in close proximity to the Property include CVS Pharmacy, Walmart Neighborhood Market, Target, OfficeMax, Ross and Starbucks, among many others.