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Shopping Strip

Belt Line - Brand Shopping Center

1201 Belt Line Rd, Garland, TX 75040

Listing Price: $3,912,000

Cap Rate
6.75%
Gross SF
32,810
Rentable SF
32,810
Price/Gross SF
$119.23
Lot Size
3.23 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 32,810-square-foot, value-add, multi-tenant retail center located in the Dallas suburb of Garland, Texas. The offering is comprised of one multi-tenant building and one single-tenant restaurant. Belt Line-Brand Shopping Center is currently 83 percent occupied providing upside potential in leasing the vacant space; 81 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of service-oriented businesses including Hana Hibachi & Sushi, Yen's China Cafe, Dallas Furniture, Bonton Donuts, Iglesia Church, Mu Do Martial Arts, International Barber College, International Beauty College, Hiep Tran Tax Services, Vape Smoker Square, and Xpress Food Mart. The single-tenant building, currently leased to Hana Hibachi & Sushi, was constructed in 1980 and sits on a 0.89-ace parcel. The multi-tenant building was constructed in 1985 and is situated on a 2.34-acre parcel. Belt Line-Brand Shopping Center is located at the signalized, hard corner intersection of Belt Line Road and Brand Road. Cumulative traffic counts in front of the property exceed 37,700 vehicles per day. The subject property is located near many national and regional retailers including CVS Pharmacy, NickelRama Arcade, Jack in the Box, Babe's Chicken Dinner House, 7-Eleven, Popeyes Chicken & Biscuits, Dollar Tree, Burger Street, Chevron, Walmart, Wells Fargo, Target, Lifetime Fitness, Academy Sports & Outdoors, Michael's, Sam's Club, and many more. The property is in close proximity to many schools providing additional traffic to the area. The surrounding area is densely populated with 16,606 residents within one-mile of the property, 129,242 residents within three-miles, and 323,825 residents within five miles.

Investment Highlights

  • 32,810-Square-Foot, Multi-Tenant Retail Center | Comprised of One Multi-Tenant Building and One Single-Tenant Building
  • 83% Occupied | 81% of the Gross Leasable Area has Triple-Net Leases | Upside Potential in Leasing the Vacant Space | Pro Forma Cap Rate is 9.2%
  • Priced at $119 per Square Foot | Below Replacement Cost
  • Located at the Signalized, Hard Corner of Belt Line Road and Brand Road | Cumulative Traffic Counts Exceed 37,700 Vehicles per Day

Exclusively Listed By

Financing By

Shopping Strip

Belt Line - Brand Shopping Center

Listing Price: $3,912,000

Cap Rate
6.75%
Gross SF
32,810
Rentable SF
32,810
Price/Gross SF
$119.23
Lot Size
3.23 acres
Year Built
1980

Investment Highlights

  • 32,810-Square-Foot, Multi-Tenant Retail Center | Comprised of One Multi-Tenant Building and One Single-Tenant Building
  • 83% Occupied | 81% of the Gross Leasable Area has Triple-Net Leases | Upside Potential in Leasing the Vacant Space | Pro Forma Cap Rate is 9.2%
  • Priced at $119 per Square Foot | Below Replacement Cost
  • Located at the Signalized, Hard Corner of Belt Line Road and Brand Road | Cumulative Traffic Counts Exceed 37,700 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 32,810-square-foot, value-add, multi-tenant retail center located in the Dallas suburb of Garland, Texas. The offering is comprised of one multi-tenant building and one single-tenant restaurant. Belt Line-Brand Shopping Center is currently 83 percent occupied providing upside potential in leasing the vacant space; 81 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of service-oriented businesses including Hana Hibachi & Sushi, Yen's China Cafe, Dallas Furniture, Bonton Donuts, Iglesia Church, Mu Do Martial Arts, International Barber College, International Beauty College, Hiep Tran Tax Services, Vape Smoker Square, and Xpress Food Mart. The single-tenant building, currently leased to Hana Hibachi & Sushi, was constructed in 1980 and sits on a 0.89-ace parcel. The multi-tenant building was constructed in 1985 and is situated on a 2.34-acre parcel. Belt Line-Brand Shopping Center is located at the signalized, hard corner intersection of Belt Line Road and Brand Road. Cumulative traffic counts in front of the property exceed 37,700 vehicles per day. The subject property is located near many national and regional retailers including CVS Pharmacy, NickelRama Arcade, Jack in the Box, Babe's Chicken Dinner House, 7-Eleven, Popeyes Chicken & Biscuits, Dollar Tree, Burger Street, Chevron, Walmart, Wells Fargo, Target, Lifetime Fitness, Academy Sports & Outdoors, Michael's, Sam's Club, and many more. The property is in close proximity to many schools providing additional traffic to the area. The surrounding area is densely populated with 16,606 residents within one-mile of the property, 129,242 residents within three-miles, and 323,825 residents within five miles.

Exclusively Listed By

Financing By

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