Historical Retail Sale Listing - Trinity Mills Shopping Center

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Trinity Mills Shopping Center

2501 North Josey Ln, Carrollton, TX 75006

N/A

18,740 SF | Retail

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Trinity Mills

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
18,740 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Investment
Cap Rate:
7.75%
Occupancy:
95%
Tenancy:
Single
Year Built:
1978
Lot Size:
2.04 AC
Listing ID
14510920
Last Updated
over 1 year ago

Highlights

  • 95% Occupancy with NNN Leases
  • Stable and Proven Retail Location
  • Strong Cash Flowing Investment with Upside Potential in Leasing Final Space
  • Adjacent to President George Bush Turnpike
  • Fast Growing Prime Dallas Location
  • High Traffic Count of Approximately 116,000 VPD

Description

Marcus & Millichap is pleased to offer a prime retail
shopping center located at the corner of Trinity Mills Road
and Josey Lane in Carrollton, Texas. The property
consists of 18,740 leaseable square feet and is host to
several strong tenants which draw customers from the
surrounding residential communities. The complementary
mix of local and national tenants includes State Farm,
Shipley Do-Nuts, and Allstate.
The subject property is located directly next to President
George Bush Turnpike and just across the street from
national credit tenants such as Target, Ross, Petco, Radio
Shack, Chili s and Jack in the Box among numerous others.
The shopping center signifies a solid investment opportunity
which can be supported by a very stable tenant track record
and a prime location. Upside potential may be achieved
with the leasing of the final vacant space and increasing
certain tenant rents which are below market value. The
subject property also had a new roof put on in 1996. With
minimal adjustments, this property represents the
opportunity to acquire a high-yield investment in a proven
Dallas/Fort Worth location.

Carrollton, Texas, is one of the fastest growing
cities in north central Texas and is the ninth
largest city in the Dallas/Fort Worth Metroplex.
This charming, historic and vibrant community is
home to 115,300 citizens and over 5,200
businesses. The economy in Carrollton is strong
and healthy.
The city ranks among the top three cities in the
region in creating the highest number of new
jobs, in total new development square footage,
and in the number of businesses moving in
including the expansion of current businesses.
The momentum in commercial/industrial
development continues, and the economic
cornerstone is the well-balanced residential and
business tax base.

Map of 2501 North Josey Ln, Carrollton, TX 75006 (Dallas County)

Research for 2501 North Josey Ln, Carrollton, TX 75006 (Dallas County)

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