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

Retail Property For Sale

STARBUCKS Cockrell Hill & I-30

1601 N. Cockrell Hill Rd., Dallas, TX 75211

Price:
$1,350,000
Building Size:
1,750 SF
Price/SF:
$771.43
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with 7 years left on lease
Commission Split:
2.5%
Cap Rate:
7.74%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2005
Find Out More...

Last Verified 11/4/2009 Listing ID 16402707

Highlights

A+++POWER CENTER LOCATION
7.74 cap rate effective 1/2011
Irreplaceable location!

WalMart SuperCenter - Lowe's - Best Buy - BofA - McDonald's - Chili's
Huge I-30 traffic count
4- 5 yr. options

Description

Description
Unsurpassed and irreplacable location. Located at the gate way to a major vibrant Power Center. Just off of I-30 and Cockrell Hill Rd. It doesn't get any better than this. Surrounded by the who's who of National Tenants. WalMart Supercenter, BofA, Lowe's, Best Buy, Ross, McDonalds, Cili's, Golden Corral, Wendy's, SBC and more! 10 yr. primary term and 4-5yr. options. 7.03 cap rate increases to a 7.74 cap rate in 15 months! The perfect passive NNN inveatment for the investor that wants a A++++ location now and int he future!

Unsurpassed major HWY exit! I-30 and Cockrell Hill Rd! Gateway to a vibrant Power Center surrounded by the who's who of National tenants! Huge traffic counts and unsurpassed visibility. It simply doesn't get any better than this!

Financial Summary

Major Tenant Information

Actual
Year
2009
Scheduled Gross Income
$95,007
Effective Gross Income
$95,007
Net Operating Income
$95,007
Pre-Tax Cash Flow
$95,007

Tenant	SF Occupied	Lease Expired
Starbucks - Plus 4 5yr. options to 2036	1,750	12/1/2016

Map of 1601 N. Cockrell Hill Rd., Dallas, TX 75211 (Dallas County)

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Presented by

RE/MAX Commercial

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Contact Listing Broker

Matt Horner (707) 524-3540

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Created 9/21/2009

Additional Information for 1601 N Cockrell Hill Road, Dallas, TX 75211

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
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 - STARBUCKS Cockrell Hill & I-30

1601 N. Cockrell Hill Rd., Dallas, TX, 75211