EXCELLENT LOCATION: Located at the northeast corner of Ross Ave. and Ripley St., between N Peak St. and N Haskell Ave., the Property is well positioned in the heart of East Dallas. The area is quickly redeveloping with over 4,600 new multifamily, condo and townhome units in developments such as Gatsby on Ross, Hall Street Flats, and the Academic, among others. The Property is just minutes from Downtown Dallas, Baylor University Medical Center, Deep Ellum and Dallas’ Uptown and East Dallas Neighborhoods.
IDEAL QSR PAD SITE: The Property is a ±1.14-acre infill pad site with high visibility and excellent access. A conceptual site plan has been completed dividing the Property into two quick-serve restaurant pads. The liberal PD 298 (Subarea 1) zoning district permits a variety of office, retail, and residential uses. Drive-throughs are permitted by SUP and/or Development Impact/Residential Adjacency reviews.
STRONG DEMOGRAPHICS: With a population of approximately 41,271 and 201,487 living within a one- and three-mile radii of the Property respectively, the Property benefits from a dense pool of consumers in close proximity. The population within a one-mile radius of the Property has experienced a dramatic 17.27% increase since 2010. Additionally, the average household income within a three-mile radius of the property is $111,576.
MANY AREA TRAFFIC DRIVERS: Retailers in close proximity to the Property include CVS Pharmacy, Walmart Neighborhood Market, Target, OfficeMax, Ross and Starbucks, among many others.