2010 N Hampton Rd - Storefront Retail/Office FOR SALE


DeSoto, TX 75115
$4,565,000 USD
214-335-4068
2010 N Hampton Rd, DeSoto, TX for Sale
$4,565,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 7% Cap Rate

2010 N Hampton Rd
DeSoto, TX 75115


HIGHLIGHTS

  • 100% Leased Retail Center with Significant Upside Potential Located just South of Downtown Dallas in the Growing Submarket of DeSoto, TX
  • Landlord May Relocate Plains Capital Bank ATM for +/- 0.60 Acre Pad Site Development Opportunity
  • Priced Well Below Replacement Costs at $195.59 PSF with Effective Rents Below Market at $13.69 PSF
  • Keller Williams originally opened in 2,760 SF, February 2013 then Expanded 1,340 SF for a Total of 4,100 SF in March 2020.
  • Eight (8) Minutes from $200 million The Shops at RedBird Mixed-Use Redevelopment
  • All Five (5) Tenants Experience Built in Annual Rent Escalations

OVERVIEW

Plains Capital Bank Retail Center is a 23,340 SF retail center on North Hampton Road located in the growing south Dallas submarket of DeSoto, Texas. Located on 5.33 acres of land, the owner of the Property has the opportunity to relocate the Plains Capital Bank ATM to carve out a free +/-0.60 acre pad site with potential to construct a stand alone drive thru building totaling 1,000 SF. Additionally, Plains Capital Bank Retail Center is approximately 14 minutes from downtown Dallas and 30 minutes from downtown Fort Worth. The Property is 100% leased to a compelling tenant line up consisting of Plains Capital Bank, Luxuria, Keller Williams, Hunt Law Firm & Engineers of Tomorrow. As a testament to the strength of the submarket and location, Engineers of Tomorrow & Keller Williams expanded their original leased area by 3,000 SF and 1,340 SF, respectively. Effective rents average just $13.69 PSF, which is below market for similar assets. Significant upside potential exists in converting the existing Keller Williams gross lease to NNN. The Property is priced well below replacement costs at only $195.59 PSF. Plains Capital Bank Retail Center benefits from exceptional architecture, a monument sign & eight (8) drive thru lanes for Plains Capital Bank, two (2) outdoor courtyards, and parallel positioning to North Hampton Road. Notable retailers in the immediate area include The Home Depot, Lowe’s, Costco, Super Target, Ross, PetSmart, Dollar General, Tom Thumb, Aldi, Big Lots amongst others.

FOR SALE DETAILS

PRICE

$4,565,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plains Capital Bank Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

5.33 AC

LAND SF

232,266 SF

ZONING

General Retail

APN/PARCEL ID

200309000103A0000

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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