Investment Overview

Richland Square is a 57,301-square-foot, multi-tenant neighborhood retail center located in the northern portion of Dallas, Texas. Shadow-anchored by Hong Kong Market Place (not a part), the center is currently 86 percent occupied with triple-net leases, providing upside potential in leasing the vacant suites. The tenant base is a complementary mix of internet-resistant and service-oriented businesses including Viet Noodle House, Amy's Salon, Kanny's, La Ma, Dr. Cooley, Hankmy, SK2 Dental, Nail Warehouse, Tuyet Tofu, Crab Shack, Bistro Catering, Bodard Bistro, Metro by T-Mobile, Pet Store, Richland Hair, Dallas Police Station, Chic Nail, and Pure Water Pacifics. Constructed in 1983, the subject property is situated on a 4.64-acre parcel with ample paved parking. Richland Square 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 in close proximity to Richland Square, serving the area for nearly 50 years and home to over 20,500 students. The property is strategically located to serve an extremely dense residential population exceeding 389,042 residents within a five-mile radius. Daytime employment is 241,444 people within five miles. Several corporate headquarters are in close proximity, including Texas Instruments, Fossil, and Raytheon Technologies.