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Shopping Strip

Jenah Plaza II

925 W Royal Ln, Irving, TX 75039

Listing Price: $5,709,055

Cap Rate
5.50%
Gross SF
11,430
Rentable SF
11,430
Price/Gross SF
$499.48
Lot Size
1.11 acres
Year Built
2012

Investment Overview

Jenah Plaza II is a 100 percent occupied, 11,430-square-foot, multi-tenant retail center located in Irving, Texas. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Envision Imaging, Studio Salons, and Inchin's Bamboo Garden. Envision Imaging recently executed a 10-year lease extension. All leases are triple-net and include scheduled rent escalations. Constructed in 2012, the building is situated on 1.11-acre lot with concrete parking. The subject property is in a prime location, positioned near the intersection of Royal Lane and MacArthur Boulevard with close access to President George Bush Turnpike, Texas State Highway 114, and Interstate 635, all major north Texas thoroughfares. Traffic counts in front of the property on Royal Lane are approximately 11,988 vehicles per day. The center is located in a dense retail trade area, neighbored by numerous national and regional tenants including Kroger, Home Goods, Target, Total Wine & More, Whole Foods Market, Modern Market Eatery, CAVA, Nothing Bundt Cakes, Jamba Juice, Bread Zeppelin, Pie Five Pizza, Five Guys, la Madeleine, In-N-Out Burger, RaceTrac, Wingstop, Concentra, and many more.

Investment Highlights

  • 11,430-Square-Foot, Multi-Tenant Retail Center Located in the Highly Desirable Irving, Texas Submarket of Las Colinas
  • Fully Stabilized Asset | 100% Occupied | Long-Term, Triple-Net Leases | All Leases Include Scheduled Rent Escalations
  • 52% of the Gross Leasable Area is Medical (Envision Imaging) | Tenant Recently Exercised a 10-Year Lease Extension
  • Prime Location with Close Proximity and Easy Access to President George Bush Turnpike (PGBT), Texas State Highway 114, and Interstate 635 | All Major North Texas Thoroughfares with Extremely High Traffic Counts | 136,672 VPD on PGBT; 228,560 VPD on 114; and 262,828 VPD on I-635
  • Strong Demographics | Highly Affluent Area with an Average Household Income of Approximately $110,775 within One Mile | Population is 210,509 Residents within a Five-Mile Radius

Exclusively Listed By

Financing By

Shopping Strip

Jenah Plaza II

Listing Price: $5,709,055

Cap Rate
5.50%
Gross SF
11,430
Rentable SF
11,430
Price/Gross SF
$499.48
Lot Size
1.11 acres
Year Built
2012

Investment Highlights

  • 11,430-Square-Foot, Multi-Tenant Retail Center Located in the Highly Desirable Irving, Texas Submarket of Las Colinas
  • Fully Stabilized Asset | 100% Occupied | Long-Term, Triple-Net Leases | All Leases Include Scheduled Rent Escalations
  • 52% of the Gross Leasable Area is Medical (Envision Imaging) | Tenant Recently Exercised a 10-Year Lease Extension
  • Prime Location with Close Proximity and Easy Access to President George Bush Turnpike (PGBT), Texas State Highway 114, and Interstate 635 | All Major North Texas Thoroughfares with Extremely High Traffic Counts | 136,672 VPD on PGBT; 228,560 VPD on 114; and 262,828 VPD on I-635
  • Strong Demographics | Highly Affluent Area with an Average Household Income of Approximately $110,775 within One Mile | Population is 210,509 Residents within a Five-Mile Radius

Investment Overview

Jenah Plaza II is a 100 percent occupied, 11,430-square-foot, multi-tenant retail center located in Irving, Texas. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Envision Imaging, Studio Salons, and Inchin's Bamboo Garden. Envision Imaging recently executed a 10-year lease extension. All leases are triple-net and include scheduled rent escalations. Constructed in 2012, the building is situated on 1.11-acre lot with concrete parking. The subject property is in a prime location, positioned near the intersection of Royal Lane and MacArthur Boulevard with close access to President George Bush Turnpike, Texas State Highway 114, and Interstate 635, all major north Texas thoroughfares. Traffic counts in front of the property on Royal Lane are approximately 11,988 vehicles per day. The center is located in a dense retail trade area, neighbored by numerous national and regional tenants including Kroger, Home Goods, Target, Total Wine & More, Whole Foods Market, Modern Market Eatery, CAVA, Nothing Bundt Cakes, Jamba Juice, Bread Zeppelin, Pie Five Pizza, Five Guys, la Madeleine, In-N-Out Burger, RaceTrac, Wingstop, Concentra, and many more.

Exclusively Listed By

Financing By

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