Investment Overview

Campbell Junction is a 43,036-square-foot, multi-tenant neighborhood retail center comprised of three buildings, located in a densely populated and affluent area of Richardson, Texas. The offering includes a 0.7-acre pad site for potential development of a 13,000-square-foot building. The center is 100 percent occupied with a mix of internet-resistant, service-oriented businesses including Spirit Cleaners, Rose Nails, PU'ER, Subway, Trident Family Dentist, My Eye Doctor, Centerpiece Vape Shop, Halal Munchies, LA Burger, Spinal Wellness Clinic, Party Street, Bulldog Katsu Japanese Fusion, North/South Jiu Jitsu Academy, Tarboosh Gyro Grill, The Cigar Haven, Habibi Cutz Barbershop, Pho Tay Do Vietnamese Cuisine, D&Z Law Firm, Venezolana Bakery, and Sugar Fountain Bakery. All leases are triple-net, and the majority of the leases have personal guarantees. Originally constructed in 1985, the landlord reports numerous recent property improvements over the last couple of years, including current replacement of all staircase steps, parking lot repairs, new LED lighting in the parking lot and on the building, facade renovations, and more. The center features ample paved parking, with covered parking available in the parking garage located underneath the building. Campbell Junction is strategically located at the signalized, hard corner of North Plano Road and East Campbell Road and is easily accessible from multiple ingress and egress points from both roads. The intersection benefits from high traffic counts exceeding 78,500 vehicles per day cumulatively. PNC Bank sits on a pad site in front of the property (not a party), and other nearby national and regional retailers include 24 Hour Fitness, Arby's, First Watch, Wendy's, Panera Bread, Sport Clips, Hotworx, and 7-Eleven. The property is located in an area with desirable demographics, with a population exceeding 366,209 residents within a five-mile radius, and an average household income within a one-mile radius of $115,476; $105,674 within a three-mile radius; and $96,250 within a five-mile radius.