Shopping Neighborhood

HUNTER PLAZA, IRVING, TX

Listing Price: $9,750,000

Cap Rate
8.00%
Gross SF
55,000
Rentable SF
55,000
Price/Gross SF
$177.27
Lot Size
4.88 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to offer for sale or lease, a two tenant retail property in Irving, Texas. The subject property is a part of Hunter Plaza with approximately 200,000 square feet. This property was constructed in 2008 and is comprised of 55,000 square feet of rentable space on 4.88 acres of land at Olympus Boulevard and Market Place Boulevard facing highly travelled Interstate 635. It was formerly occupied by Dick's Sporting Goods until 2019.

The property is currently occupied by a tenant on NNN lease and seller will guarantee one year lease for the other vacant space at NNN. The center is anchored by Best Buy and 24 Hour Fitness. The property is situated within the highly desirable Irving / Las Colinas submarket with high average household income of $117,000, upscale neighborhood and close proximity to downtown Dallas and DFW Airport. Las Colinas is a 12,000 acres with over 25 million square feet of office space and over 8,500 companies. This great location is home to a number of Fortune 500 companies and high-tech firms, attracting a highly educated and skilled workforce to live, work and play in Irving / Las Colinas area. Just north of subject property is a new 1,000 acres master-planned community of Cypress Waters with water-front office, retail and housing development.

This is an excellent opportunity to own and stabilize with national tenants in a very affluent area of Irving in a larger center with great mix of national/regional and local tenants.

Investment Highlights

  • Former 55,000 SF Dick's Sporting Goods with a NNN Tenant Occupying 30,000 SF
  • Seller Guarantee on Vacant 25,000 SF on NNN Basis for One Year
  • Best Buy and 24 Hour Fitness Anchored
  • Las Colinas Community: 12,000 Acres with 25 Million SF Office & Over 8,500 Companies
  • Very High Average Househod Income of $127,000 Within 3 Mile Radius
  • Just South of Cypress Waters: 1,000 Acres Master-Planned Community

Exclusively Listed By

Financing By

Shopping Neighborhood

HUNTER PLAZA, IRVING, TX

Listing Price: $9,750,000

Cap Rate
8.00%
Gross SF
55,000
Rentable SF
55,000
Price/Gross SF
$177.27
Lot Size
4.88 acres
Year Built
2008

Investment Highlights

  • Former 55,000 SF Dick's Sporting Goods with a NNN Tenant Occupying 30,000 SF
  • Seller Guarantee on Vacant 25,000 SF on NNN Basis for One Year
  • Best Buy and 24 Hour Fitness Anchored
  • Las Colinas Community: 12,000 Acres with 25 Million SF Office & Over 8,500 Companies
  • Very High Average Househod Income of $127,000 Within 3 Mile Radius
  • Just South of Cypress Waters: 1,000 Acres Master-Planned Community

Investment Overview

Marcus & Millichap is pleased to offer for sale or lease, a two tenant retail property in Irving, Texas. The subject property is a part of Hunter Plaza with approximately 200,000 square feet. This property was constructed in 2008 and is comprised of 55,000 square feet of rentable space on 4.88 acres of land at Olympus Boulevard and Market Place Boulevard facing highly travelled Interstate 635. It was formerly occupied by Dick's Sporting Goods until 2019.

The property is currently occupied by a tenant on NNN lease and seller will guarantee one year lease for the other vacant space at NNN. The center is anchored by Best Buy and 24 Hour Fitness. The property is situated within the highly desirable Irving / Las Colinas submarket with high average household income of $117,000, upscale neighborhood and close proximity to downtown Dallas and DFW Airport. Las Colinas is a 12,000 acres with over 25 million square feet of office space and over 8,500 companies. This great location is home to a number of Fortune 500 companies and high-tech firms, attracting a highly educated and skilled workforce to live, work and play in Irving / Las Colinas area. Just north of subject property is a new 1,000 acres master-planned community of Cypress Waters with water-front office, retail and housing development.

This is an excellent opportunity to own and stabilize with national tenants in a very affluent area of Irving in a larger center with great mix of national/regional and local tenants.

Exclusively Listed By

Financing By

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