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America's Best 1230 E Beltline Rd 3,982 SF Retail Building Richardson, TX 75081 $2,548,000 ($639.88/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 10% Escalations Every 5 Years Including Each of the Two, 5-Year Renewal Options
- Recent Building Upgrades Include New Roof Overlay, New Parking Lot Overlay, New AC/Electrical
- Located within the Telecom Corridor of Richardson (RCC) which Accounts for 130,000+ Jobs, 25M+ SF of Office Space, & 5,700+ Companies
- Equipped with Drive-Thru, Enhancing Long Term Residual Value
- Richardson Ranked #4 Best Suburbs for Young Professionals in Texas (Niche 2025)
- Moments from Planned $20M Renovation of Richardson Square Mall with Anticipated 20+ Storefronts
EXECUTIVE SUMMARY
Corporate America’s Best (NASDAQ: EYE) | Newly Renovated in 2025 | New 10-Year LEASE
Located in the Dense DFW Submarket of Richardson, TX | Average Household Income Exceeds $149,200 & $105,500 in a 1- & 3-Mile Radii
Located in the Dense DFW Submarket of Richardson, TX | Average Household Income Exceeds $149,200 & $105,500 in a 1- & 3-Mile Radii
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,982 SF
Building Class
C
Year Built/Renovated
1985/2025
Price
$2,548,000
Price Per SF
$639.88
Cap Rate
6.25%
NOI
$159,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.62 AC
Zoning
LR-M(2) - Local Retail District
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42003700000020000 | Improvements Assessment | $421,150 |
| Land Assessment | $323,350 | Total Assessment | $744,500 |
PROPERTY TAXES
Parcel Number
42003700000020000
Land Assessment
$323,350
Improvements Assessment
$421,150
Total Assessment
$744,500
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America's Best | 1230 E Beltline Rd
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