Investment Overview

Marcus & Millichap is pleased to present Garland Road Redevelopment, a 3.72-acre redevelopment opportunity with prime frontage and exposure located at 12113 Garland Road, Dallas, Texas. The subject property is split between two parcels, an approximately 1.89-acre tract zoned Regional Retail (RR) and an approximately 2.01-acre tract zoned Multiple Commercial (MC-3). The asset currently features 20,834 square feet of improvements, with short and ?exible leases, providing the opportunity for day-one income. The subject property is located proximate to national credit retailers and is proximate to major thoroughfares, including Northwest Highway and Interstate 635. The city of Dallas, Texas is widely-known as the top commercial real estate investment market in the United States, and East Dallas specifically is currently viewed by many investors as the next big-boom submarket in Dallas-Fort Worth. The subject property is located on Garland Road, which connects to Gaston Avenue, a main artery that connects downtown Dallas to Old East Dallas, Lower Greenville, Deep Ellum, and Lakewood. For this reason, the high traffic volume has created a boom in new developments in this immediate area. Developers are aggressively targeting this market with an influx of multifamily and retail developments to support the growing population and demand. With lower rents and overall development costs than Uptown, and the accessibility to Downtown and major freeways, what was once an outskirt of the city is now main-and-main. The ease and access to recent transportation technology has cut down commuting time and costs, giving residents more freedom and options. Overall, Garland Road Redevelopment provides a new developer, investor, or owner/user the incredible opportunity to acquire a large-scale land tract in one of Dallas-Fort Worth's most rapidly transitioning submarkets. The favorable zoning of RR and MC-3, allow for a multitude of new retail and mixed-use redevelopment opportunities. In addition, the close proximity to major thoroughfares, such as Northwest Highway and Interstate 635, provide the opportunity to capture high traf?c counts towards major trade areas.