Highest CAP rate property has been offered at yet. Average lease rate $12.26psf plus NNN and yearly escalations. Excellent freestanding investment 100% leased for past 3+ years with existing tenants in great condition with no known differed maintenance.
C-3 zoning offers a wide range of uses from Medical & Office to Retail and even Automotive sales.
Lake Dallas is located between I-35 and the toll bridge gateway to 50,000+ residents, opening up to many residential and business options.
As of 2016 the population was 7,881, however the lake cities combined totals well over 35,000 of immediate residents within a small radius, not including those major cities that pass through this area daily with I-35 traffic count of 122,000 and Lake Dallas drive alone having 5,000+!