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2-Tenant Strip - DFW MSA 19121 Lyndon B Johnson Fwy 5,942 SF 100% Leased Retail Building Mesquite, TX 75150 $2,589,000 ($435.71/SF) 6.70% Cap Rate
Investment Highlights
- Anchored by Investment Grade Tenant (S&P: A) | New Concept backed by Global Beauty Leader |
- Interstate 365 (170,400 VPD) | Highway 80 (84,800 VPD) | Centralized Location | Multiple Nearby Apartment Complexes
- Strong Demographics in 5-Mile Trade Area | Dallas MSA
- NNN Leases in Nature | Walt - 3.8 Years | 10% Increases in Options Located Within a Tax Free State | 2 (5-Year) Option
- The Marketplace at Towne Center (431,000 SF) | Dense Retail Corridor | Strong National/ Credit Tenants
Executive Summary
• America’s Best Contacts & Eyeglasses lease is signed by National Vision, Inc., an investment-grade tenant (S&P: A) with a market cap exceeding
$1.89B
• America’s Best Contacts & Eyeglasses, operated by National Vision, Inc., is an established national retailer with over 1,000 locations
• Happy Beauty Co. lease is signed by Sally Beauty Supply, LLC, a wholly owned subsidiary of Sally Beauty Holdings (NYSE: SBH), which has an approximately $1.29 billion market cap
• Happy Beauty represents a new and growing retail brand designed to deliver quality beauty products at value price points, supported by the financial strength and industry expertise of its $3.7B parent company
• This Happy Beauty Co. site is ranked number 1 out of all of their locations nationwide, per Placer.ai
$1.89B
• America’s Best Contacts & Eyeglasses, operated by National Vision, Inc., is an established national retailer with over 1,000 locations
• Happy Beauty Co. lease is signed by Sally Beauty Supply, LLC, a wholly owned subsidiary of Sally Beauty Holdings (NYSE: SBH), which has an approximately $1.29 billion market cap
• Happy Beauty represents a new and growing retail brand designed to deliver quality beauty products at value price points, supported by the financial strength and industry expertise of its $3.7B parent company
• This Happy Beauty Co. site is ranked number 1 out of all of their locations nationwide, per Placer.ai
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,942 SF
Building Class
B
Year Built
2016
Price
$2,589,000
Price Per SF
$435.71
Cap Rate
6.70%
NOI
$173,469
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.97 AC
Zoning
C - Commercial
Parking
79 Spaces (13.3 Spaces per 1,000 SF Leased)
Frontage
115’ on Lyndon B Johnson Fwy
Amenities
- Freeway Visibility
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 381241000A01B0000 | Improvements Assessment | $1,940,420 |
| Land Assessment | $633,080 | Total Assessment | $2,573,500 |
Property Taxes
Parcel Number
381241000A01B0000
Land Assessment
$633,080
Improvements Assessment
$1,940,420
Total Assessment
$2,573,500
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2-Tenant Strip - DFW MSA | 19121 Lyndon B Johnson Fwy
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