500 S Lake Dallas Dr. - Day Care Center FOR SALE


Lake Dallas, TX 75065
$1,650,000 USD
940-228-6221
500 S Lake Dallas Dr., Lake Dallas, TX for Sale
$1,650,000 USD
Day Care Center - FOR SALE
1/7
null | 7.15% Cap Rate

500 S Lake Dallas Dr.
Lake Dallas, TX 75065


HIGHLIGHTS

  • Wide variety of uses make it easy to lease.
  • 100% occupied.
  • Heavy Traffic Count
  • Fenced in yard
  • Freestanding building
  • HVAC Units 2018-2019 / Roof 2019 / Parking lot 2022 / Fence 2019

OVERVIEW

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+!

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C3, Lake Dallas

APN/PARCEL ID

R62668

ASK ABOUT THIS PROPERTY

Christopher DiGinoCompass RE Texas LLCMore Info
940-228-6221

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Christopher DiGinoCompass RE Texas LLCMore Info
940-228-6221

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