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Browse More Listings in Retail For Sale, Dallas, TX or Texas

Retail Property For Sale

Comerica Bank

2727 Fort Worth Avenue, Dallas, TX 75211

Price:
$1,600,000
Building Size:
3,600 SF
Price/SF:
$444.44
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
6.88%
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2009
Find Out More...

Last Verified 10/27/2009 Listing ID 16355257

Highlights

Brand new Comerica Bank 20 year true NNN ground lease
Located in one of the fastest developing submarkets in the city
Long-term stability via Dallas-based, A- S&P rated tenant

Situated in the Fort Worth Avenue TIF District slated for $1.3 billion in investment
10% rent bumps every five years in initial lease term
4, 5-year options also with 10% rent bumps

Description

The brand new freestanding Comerica Bank is positioned across from a recently developed Home Depot, Chase Bank, and Citibank in Dallas' prime Fort Worth Avenue Corridor that connects downtown Dallas to West Dallas and North Oak Cliff. Just six miles from downtown, the property is situated within the Fort Worth Avenue Tax Increment Financing (TIF) District which is slated for a $1.3 billion investment along Fort Worth Avenue. The property is perhaps best positioned to benefit in the near-term with three projects in the immediate vicinity slated to be completed this year and another for 2011, which will add more than 1,00 residential units and 125,000 square feet of new retail.

Located in one of the fastest developing submarkets in the city

Financial Summary

Actual
Net Operating Income
$110,000

Map of 2727 Fort Worth Avenue, Dallas, TX 75211 (Dallas County)

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Presented by

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Contact Listing Broker

Will Walters (972) 663-9670

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Created 8/13/2009

Additional Information for 2727 Fort Worth Avenue, Dallas, TX 75211

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Comerica Bank

2727 Fort Worth Avenue, Dallas, TX, 75211