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Lumi Restaurant - Uptown
3407 McKinney Avenue, Dallas, TX 75204
Last Verified 9/8/2009
Listing ID 16259497
Highlights
Exclusive Uptown Location with High Barrier to Entry- New, Five-Year Double-Net Lease
- Annual CPI Increases
- Tenant Pays Seven Percent in Percentage Rent
- Includes an 8,003-Square Foot Parking Lot Leased to Primo's
- High-Traffic Area
Description
Lumi Restaurant is a 1,960-square foot, single-tenant commercial building located in the prestigious Uptown area of Dallas, Texas. Lumi recently signed a new, five-year double-net lease. The landlord is responsible for maintenance and repairs of the roof and structure. Additionally, Lumi pays seven percent in percentage rent based on monthly sales and has annual CPI rent increases. This offering also includes a 8,003-square foot parking lot, located on McKinney Avenue.
Lumi Restaurant is located in a Class "A" area of Dallas. The Uptown area has maintained historically high occupancy rates, and in recent years has seen vibrant growth due to the highly attractive amenities in the area such as Katy Trail and McKinney Avenue shops and restaurants. With high barrier of entry, this offering allows an investor the opportunity to obtain a commercial property and land in an exclusive area of Dallas.
Approximately eight years ago this area of town was virtually non-existent. However, in the last several years it has experienced rapid expansion with the construction of condos, luxury apartment complexes, office and retail centers. As a result, the population has increased exponentially.
Map of 3407 McKinney Avenue, Dallas, TX 75204 (Dallas County)
Created 6/1/2009
Additional Information for 3407 Mckinney Avenue, Dallas, TX 75204
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The information above has
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for example only and do not represent the current or future performance of the property. The value of
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property to determine to your satisfaction the suitability of the property for your needs. TB-P