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Shopping Strip

Prestonwood Court II

15250 Dallas Pkwy, Dallas, TX 75248

Listing Price: $5,004,000

Cap Rate
6.00%
Gross SF
11,257
Rentable SF
11,257
Price/Gross SF
$444.52
Lot Size
1.05 acres
Year Built
2011

Investment Overview

Prestonwood Court II is an 11,257-square-foot, multi-tenant retail building located in a prime retail trade area of Dallas, Texas. Tenants are a complementary mix of internet-resistant businesses, including Manolo Salons, Texas Hot Tubs, Mariner Finance, EggDaddy, and Hotworx gym. All leases are triple net. Prestonwood Court II is newer 2011 construction and is situated on a 1.053-acre parcel. The subject property is located in the northeast quadrant of the North Dallas Parkway/Belt Line Road intersection. This highly trafficked location has approximately 304,120 vehicles per day on Dallas North Tollway, 43,400 vehicles per day on Belt Line Road, and 22,000 vehicles per day on Arapaho Road. The surrounding area has a dense retail presence, with numerous national and regional tenants including Walmart, Michaels, Office Depot, Best Buy, DSW, Barnes & Noble, Walgreens, Chick-fil-a, Sonic, Panera Bread, Whole Foods, La Madeleine, Gloria’s Latin Cuisine, 24 Hour Fitness, AMC, Jason’s Deli, Outback Steakhouse, BJ’s, TGI Fridays, and many more. Additionally, the area has excellent demographics with more than 438,800 residents within five miles of the property and an average household income exceeding $105,855 within three miles of the property. The property benefits from its location in one of the main office hubs in the Dallas-Fort Worth metroplex, home to nearly 25,000 businesses with over 307,000 employees within a five-mile radius.

Investment Highlights

  • 11,257-Square-Foot, Multi -Tenant Shopping Center
  • 100% Occupied | All Current Leases are Triple Net
  • Complementary Mix of National and Local Tenants that are Largely Internet -Resistant and Service-Oriented Businesses
  • Prime Location in the Northeast Quadrant of the North Dallas Parkway/Belt Line Road Intersection
  • Extremely High Traffic Counts | 304,120 VPD on Dallas North Tollway | 43,400 VPD on Belt Line Road | 22,000 VPD on Arapaho Road

Exclusively Listed By

Shopping Strip

Prestonwood Court II

Listing Price: $5,004,000

Cap Rate
6.00%
Gross SF
11,257
Rentable SF
11,257
Price/Gross SF
$444.52
Lot Size
1.05 acres
Year Built
2011

Investment Highlights

  • 11,257-Square-Foot, Multi -Tenant Shopping Center
  • 100% Occupied | All Current Leases are Triple Net
  • Complementary Mix of National and Local Tenants that are Largely Internet -Resistant and Service-Oriented Businesses
  • Prime Location in the Northeast Quadrant of the North Dallas Parkway/Belt Line Road Intersection
  • Extremely High Traffic Counts | 304,120 VPD on Dallas North Tollway | 43,400 VPD on Belt Line Road | 22,000 VPD on Arapaho Road

Investment Overview

Prestonwood Court II is an 11,257-square-foot, multi-tenant retail building located in a prime retail trade area of Dallas, Texas. Tenants are a complementary mix of internet-resistant businesses, including Manolo Salons, Texas Hot Tubs, Mariner Finance, EggDaddy, and Hotworx gym. All leases are triple net. Prestonwood Court II is newer 2011 construction and is situated on a 1.053-acre parcel. The subject property is located in the northeast quadrant of the North Dallas Parkway/Belt Line Road intersection. This highly trafficked location has approximately 304,120 vehicles per day on Dallas North Tollway, 43,400 vehicles per day on Belt Line Road, and 22,000 vehicles per day on Arapaho Road. The surrounding area has a dense retail presence, with numerous national and regional tenants including Walmart, Michaels, Office Depot, Best Buy, DSW, Barnes & Noble, Walgreens, Chick-fil-a, Sonic, Panera Bread, Whole Foods, La Madeleine, Gloria’s Latin Cuisine, 24 Hour Fitness, AMC, Jason’s Deli, Outback Steakhouse, BJ’s, TGI Fridays, and many more. Additionally, the area has excellent demographics with more than 438,800 residents within five miles of the property and an average household income exceeding $105,855 within three miles of the property. The property benefits from its location in one of the main office hubs in the Dallas-Fort Worth metroplex, home to nearly 25,000 businesses with over 307,000 employees within a five-mile radius.

Exclusively Listed By

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