235 N Central Expy - Freestanding FOR SALE


Richardson, TX 75080
$4,000,000 USD
702-826-8263
235 N Central Expy, Richardson, TX for Sale
$4,000,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

235 N Central Expy
Richardson, TX 75080


HIGHLIGHTS

  • Strategic Location: Frontage on US-75 near Belt Line Road with exposure to over 270,000 vehicles per day
  • Below Market Rents: 23%+ below market lease rate with strong potential for re-tenanting or renewal at higher rents
  • NNN Lease Structure: Minimal landlord responsibilities with annual rent increases of 3%
  • Demographic Strength: 395,000+ residents within a 5-mile radius and avg. HH income near $105K
  • Tenant Profile: Hidden Gym is a regional operator with 10+ years in business and both corporate and personal lease guarantees
  • Value-Add Opportunity: Lease expires in December 2028 — potential to re-lease at $20+ PSF

OVERVIEW

Mohr Partners is pleased to offer a 14,056-square-foot freestanding single-tenant asset strategically positioned along US Highway 75 in Richardson, Texas. This high-visibility site benefits from nearly 240,000 vehicles per day on Central Expressway and immediate access to Belt Line Road, a major arterial within the DFW metroplex. Currently occupied by Hidden Gym, a regional fitness operator with three locations, the property is on a NNN lease with minimal landlord responsibilities. With just under four years remaining on the term and existing rents 23% below market, investors have a unique opportunity to unlock value via renewal at market rates or re-tenanting the property. The offering sits on nearly one acre (0.98 acres) with strong area demographics—395,000+ residents within five miles and average household incomes near $105,000. Built in 1996 and renovated in 2020/2021, the building is modernized, functional, and adaptable for a variety of future uses. This is a compelling investment for buyers seeking income stability today with strategic upside potential in the near term.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hidden Gym NNN Lease w/Below Market Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

Commercial

APN/PARCEL ID

420715100102A0000

ASK ABOUT THIS PROPERTY

Brandon HiettMohr Partners, Inc.More Info
702-826-8263

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Brandon HiettMohr Partners, Inc.More Info
702-826-8263

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.