This property is Off-Market

4415 North Central Expressway
Dallas, TX 75205 ·

37,612 SF · Retail For Sale

N/A

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KNOX STREET PROMENADE

Price N/A Cap Rate 7.23%
Gross Leasable Area 37,612 SF Occupancy 95%
Property Type Retail Tenancy Multiple
Property Sub-type
Community Center
More...
  • Strip Center
  • Specialty Center
  • Neighborhood Center
Year Built 2004
Property Use Type Investment
Listing ID: 17697588 Date Created: 06/08/2012 Last Updated: 10/05/2012

Description

Receiver Sale: KNOX STREET PROMENADE Urban Retail & Restaurant Center. Six adjacent buildings comprising 37,612 square feet at 95% occupancy, situated on 3 tracts of land totaling 3.089 acres. Frontage along North Central Expressway (U.S. 75) and McKinney Avenue. All parking surfaces are concrete. Bay depths vary between 54 and 68 feet. Buildings are primarily brick and stucco with glass storefronts. 253 parking spaces.

Located along the west side of North Central Expressway (US 75) just south of Knox Street. (Over 288,000 cars per day pass by the Property along Central Expressway.) The Property is located within the KNOX-HENDERSON neighborhood, which consists of unique restaurants, furniture stores, art galleries, boutiques, and a flagship Apple Store, along with trendy modern condominiums, apartments, and homes in highly sought after neighborhoods. Knox Street Promenade is at the "entrance" to Highland Park, one of the most affluent communities in the U.S., and at the "gateway" to Uptown Dallas. Downtown Dallas, Southern Methodist University, and Turtle Creek are within minutes of the Subject Property.

Highlights

  • Exceptional Urban Location
  • Extremely High Barriers to Entry
  • High Population Density - over 339,000 people live within 5 miles of the Property.

Research

4415 North Central Expressway, Dallas, TX 75205 (Dallas County)

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