Shopping Strip

Preston Forest Strip Center | 100% Occupied | Trophy Retail Center - Infill North Dallas Market

11811 Preston Rd, Dallas, TX 75230

Listing Price: $8,660,578

Cap Rate
6.47%
Gross SF
15,953
Rentable SF
15,953
Price/Gross SF
$542.88
Lot Size
1.05 acres
Year Built
1961

Investment Overview

Dallas is a major city in the state of Texas and is part of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area, which is considered to be the fourth most populous Metropolitan area in the US. Dallas is the commercial and cultural hub becoming the center of numerous corporate headquarters and large regional offices. Dallas continues to expand exponentially, being named the 10th largest growing area in the U.S. The city features numerous national sporting teams including NFL Cowboys, MLB Rangers, NBA Mavericks, and NHL Stars. Dallas reputedly has more retail stores and restaurants per capita than any other place in the country. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex ascended to the number one spot in the U.S. in year-over-year population growth.

Investment Highlights

  • All Leases Feature Favorable Rental Increases throughout the Term and Options. Upside Potential as All Tenants are on NNN Leases besides Run On!, which is on a Gross Lease with Below Market Rent.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Excellent Visibility at a Signalized Intersection to Daily Combined Traffic Counts Exceeding 66k Vehicles.
  • Near Dallas North Tollway (97k+ VPD) and Interstate-635 (278k+ VPD). Directly Across from a Tom Thumb and near Numerous other National Retailers including Lowe's, CVS Pharmacy, Walgreens, Whole Foods, Natural Grocers and many more.
  • In Close Proximity to Medical City Dallas - The Center is Recognized for its State-of-the-Art Medical Facilities (Total of 876 Beds) and a Medical Team consisting of more than 1,150 Physicians.
  • Densely Populated Affluent Area: Features an Average Household Income of $173k+ (Twice the National Average) within a 1-Mile Radius and over 407k People Residing within a 5-Mile Radius.
  • Internet & Recession Resistant Tenant Lineup - Provides an Investor with further Stability to Complement the Long-Term Leases in place.
  • 100% Occupied Center w/ Synergistic Mix of Regional Tenants that Serve the Immediate Area. Trophy Retail Center Located in High Income Infill Dallas Market.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

Shopping Strip

Preston Forest Strip Center | 100% Occupied | Trophy Retail Center - Infill North Dallas Market

Listing Price: $8,660,578

Cap Rate
6.47%
Gross SF
15,953
Rentable SF
15,953
Price/Gross SF
$542.88
Lot Size
1.05 acres
Year Built
1961

Investment Highlights

  • All Leases Feature Favorable Rental Increases throughout the Term and Options. Upside Potential as All Tenants are on NNN Leases besides Run On!, which is on a Gross Lease with Below Market Rent.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Excellent Visibility at a Signalized Intersection to Daily Combined Traffic Counts Exceeding 66k Vehicles.
  • Near Dallas North Tollway (97k+ VPD) and Interstate-635 (278k+ VPD). Directly Across from a Tom Thumb and near Numerous other National Retailers including Lowe's, CVS Pharmacy, Walgreens, Whole Foods, Natural Grocers and many more.
  • In Close Proximity to Medical City Dallas - The Center is Recognized for its State-of-the-Art Medical Facilities (Total of 876 Beds) and a Medical Team consisting of more than 1,150 Physicians.
  • Densely Populated Affluent Area: Features an Average Household Income of $173k+ (Twice the National Average) within a 1-Mile Radius and over 407k People Residing within a 5-Mile Radius.
  • Internet & Recession Resistant Tenant Lineup - Provides an Investor with further Stability to Complement the Long-Term Leases in place.
  • 100% Occupied Center w/ Synergistic Mix of Regional Tenants that Serve the Immediate Area. Trophy Retail Center Located in High Income Infill Dallas Market.

Investment Overview

Dallas is a major city in the state of Texas and is part of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area, which is considered to be the fourth most populous Metropolitan area in the US. Dallas is the commercial and cultural hub becoming the center of numerous corporate headquarters and large regional offices. Dallas continues to expand exponentially, being named the 10th largest growing area in the U.S. The city features numerous national sporting teams including NFL Cowboys, MLB Rangers, NBA Mavericks, and NHL Stars. Dallas reputedly has more retail stores and restaurants per capita than any other place in the country. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex ascended to the number one spot in the U.S. in year-over-year population growth.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

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