Investment Overview

Abrams Forest Shopping Center is a value-add, multi-tenant neighborhood retail center located in Dallas, Texas. The property consists of two adjacent multi-tenant buildings totaling 69,820 square feet that are situated on a 6.2-acre parcel, and a 13,013-square-foot, single-tenant building on a ground lease with CVS that is positioned on a 1.54-acre parcel. Anchored by a top-performing Dollar Tree, the shopping center is currently 61 percent occupied with average rents below market, providing significant upside potential in leasing the vacant suites. All current leases are on triple-net terms. The tenant base is a complementary mix of internet-resistant and service-oriented businesses including, AutoZone, Anonymously Yours, Custom Security Doors, T-Mobile, Wash N Dry, Kitty Carter's Dance Factory, Primo Brothers Pizza, and Moderna Bakery & Café. Abrams Forest is located at the signalized, hard corner of Forest Lane and Abrams Road, with multiple ingress and egress points from each road. Cumulative traffic counts are approximately 74,485 vehicles per day. Shadow-anchored by a Walmart Supercenter that drives over 2.3 million visits annually, numerous other retailers are in the surrounding area, including Kroger, Planet Fitness, O'Reilly Auto Parts, Chick-fil-A, Whataburger, Taco Bell, Church's Chicken, and more. The Dallas College Richland campus is less than two miles from Abrams Forest Shopping Center, 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 401,862 residents within a five-mile radius. Daytime employment is 248,524 people within five miles. Several corporate headquarters are in close proximity, including Texas Instruments, Fossil, and Raytheon Technologies.