510 W LBJ Fwy - Storefront Retail/Office FOR SALE


Irving, TX 75063- Las Colinas
$4,743,000 USD
480-221-4221
510 W LBJ Fwy, Irving, TX for Sale
$4,743,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 5.44% Cap Rate

510 W LBJ Fwy
Irving, TX 75063
Las Colinas


HIGHLIGHTS

  • Strong Tenant Lineup | 100% Occupied | Newly Signed Leases | Scheduled Rental Increase | Long-Term Commitment to the Site
  • Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area
  • Dense Retail Corridor | Major Surrounding Shopping Centers | Situated Within Las Colinas | DFW International Airport
  • Located Along Lyndon B Johnson Freeway | Centralized Location |Excellent Visibility & Access

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant, e-commerce resistant, retail strip investment property located in Irving, TX (Dallas / Fort Worth MSA). The offering features a strong food and service-based tenant lineup of Denny’s and a massage tenant. Denny’s has 15 years of term remaining with 4 (5-year) options to extend and the massage tenant has a new, 5-year lease with 1 (5-year) option. The Denny’s lease features 8% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation. Founded in 1953, Denny’s is among the largest diner-style restaurant chains with over 1,700 locations around the world.

FOR SALE DETAILS

PRICE

$4,743,000 USD

PRICE/SF

$785 USD /SF

CAP RATE

5.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's & Retail | Sprouts Outparcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

C-C

APN/PARCEL ID

323804000A13R2000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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