Investment Overview

The subject property is a 94 percent occupied, 19,615-square-foot, multi-tenant retail center that is comprised of two buildings, located in the northern portion of Dallas, Texas. All current leases are triple-net, and the tenant base is a complementary mix of internet-resistant and service-oriented businesses. Tenants comprising the multi-tenant building include Clinica Hispana del Metroplex, Samoe Hijab Fashion, Donut Palace, Neon Nails, Menquale Halal Shop, Hairmaster Beauty Supply, Louisiana Famous Fried Chicken, Emma-Blessed Hair Braiding, Salon FF&E Repair, and Cali Lane Laundry. The single-tenant building is leased to Food Mart. Constructed in 1979, the buildings are situated on a 2.11-acre parcel. Richland Plaza is located at the signalized, hard corner of Walnut Street and Audelia Road, with multiple ingress and egress points from each road. Cumulative traffic counts are approximately 49,130 vehicles per day. The Dallas College Richland campus is directly across from Richland Plaza, offering a wide variety of programs and home to over 20,500 students. The property is strategically located to serve an extremely dense residential population exceeding 394,650 residents within a five-mile radius. Daytime employment is approximately 233,960 people within five miles. Several corporate headquarters are in close proximity, including Texas Instruments, Fossil, and Raytheon Technologies.