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Shopping Strip

Royal Crossing

10910 N Central Expy, Dallas, TX 75231

Listing Price: $14,090,200

Cap Rate
5.50%
Gross SF
22,579
Rentable SF
22,579
Price/Gross SF
$624.04
Lot Size
2.43 acres
Year Built
2005

Investment Overview

Royal Crossing is a 22,579-square-foot, multi-tenant retail center that is well positioned to serve a highly affluent and densely populated area located in the urban core of Dallas, Texas. The center is 100 percent leased, and all leases are triple-net. Current average rents are below market, providing upside potential to an investor. The tenant base is a mix of national and local retailers, including WingStop, Domino’s Pizza, Fuzzy’s Taco Shop, and Central Expressway Optical. The majority of the tenants have been on long-term leases; nine of the 13 tenants have been in this location for more than five years, and five of the 13 tenants have been in this location for more than 10 years. Additional income is provided by a license agreement with a national credit tenant, REEF Kitchens, for parking spaces. The subject property consists of two multi-tenant buildings situated on three land parcels totaling 2.43 acres. The buildings were constructed in 2005 and have an attractive stone façade featuring metal awnings and accents. Two large pylon signs provide additional exposure to the center; one sign is highly visible from North Central Expressway, and the other sign faces Royal Lane. The buildings feature shallow bay depths of only 60 feet, allowing retailers to have wider store fronts and larger signage than the nearby competition.

Investment Highlights

  • 22,579-Square-Foot, Multi-Tenant Retail Center | 100% Leased | All Leases are Triple-Net
  • Long-Term Tenants | Nine of the 13 Tenants Have Been in this Location for More Than Five Years, and Five of the 13 Tenants Have Been in this Location More Than 10 Years
  • WingStop and Domino's are both within the Top 10% of Their Respective Brands' Units within the Dallas-Fort Worth Metroplex
  • Desirable Freeway Location in Inner City Dallas on North Central Expressway at the Signalized, Hard Corner of Royal Lane | Easily Accessible from Multiple Ingress and Egress Points
  • Extremely High Traffic Counts Averaging 304,000+ Vehicles per Day on North Central Expressway (North and South) and 24,400 Vehicles per Day on Royal Lane

Exclusively Listed By

Shopping Strip

Royal Crossing

Listing Price: $14,090,200

Cap Rate
5.50%
Gross SF
22,579
Rentable SF
22,579
Price/Gross SF
$624.04
Lot Size
2.43 acres
Year Built
2005

Investment Highlights

  • 22,579-Square-Foot, Multi-Tenant Retail Center | 100% Leased | All Leases are Triple-Net
  • Long-Term Tenants | Nine of the 13 Tenants Have Been in this Location for More Than Five Years, and Five of the 13 Tenants Have Been in this Location More Than 10 Years
  • WingStop and Domino's are both within the Top 10% of Their Respective Brands' Units within the Dallas-Fort Worth Metroplex
  • Desirable Freeway Location in Inner City Dallas on North Central Expressway at the Signalized, Hard Corner of Royal Lane | Easily Accessible from Multiple Ingress and Egress Points
  • Extremely High Traffic Counts Averaging 304,000+ Vehicles per Day on North Central Expressway (North and South) and 24,400 Vehicles per Day on Royal Lane

Investment Overview

Royal Crossing is a 22,579-square-foot, multi-tenant retail center that is well positioned to serve a highly affluent and densely populated area located in the urban core of Dallas, Texas. The center is 100 percent leased, and all leases are triple-net. Current average rents are below market, providing upside potential to an investor. The tenant base is a mix of national and local retailers, including WingStop, Domino’s Pizza, Fuzzy’s Taco Shop, and Central Expressway Optical. The majority of the tenants have been on long-term leases; nine of the 13 tenants have been in this location for more than five years, and five of the 13 tenants have been in this location for more than 10 years. Additional income is provided by a license agreement with a national credit tenant, REEF Kitchens, for parking spaces. The subject property consists of two multi-tenant buildings situated on three land parcels totaling 2.43 acres. The buildings were constructed in 2005 and have an attractive stone façade featuring metal awnings and accents. Two large pylon signs provide additional exposure to the center; one sign is highly visible from North Central Expressway, and the other sign faces Royal Lane. The buildings feature shallow bay depths of only 60 feet, allowing retailers to have wider store fronts and larger signage than the nearby competition.

Exclusively Listed By

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