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202 E Irving Blvd
Irving, TX 75060
Retail Property For Sale
Investment Highlights
- Newly renovated single-tenant building with updated storefronts, roof, and exclusive parking lot.
- Long-term lease in place with Frost Bank, a publicly traded financial institution with strong credit.
- Walkable urban environment with nearby cultural attractions, retail, and dining options.
- Located in the Irving Heritage District, an area experiencing significant redevelopment momentum.
- Excellent connectivity to Dallas, Fort Worth, and major airports, supporting tenant stability.
- Strong local demographics with an average household income of nearly $97,000 within five miles.
Executive Summary
This freestanding Frost Bank property offers a stable, passive investment opportunity in the heart of the Irving Heritage District. The asset features a newly executed 10-year lease with below-market in-place rent and upside potential, supported by recent renovations including a new roof, exclusive parking lot, and updated storefronts. Positioned along Irving Boulevard, the property benefits from strong visibility and pedestrian-friendly surroundings, enhancing long-term tenant performance and asset appreciation.
Located between Dallas and Fort Worth, the site provides convenient access to major thoroughfares, Dallas/Fort Worth International Airport, and Dallas Love Field. The Irving Heritage District is undergoing active revitalization, creating a dynamic environment for retail and financial services. With an average household income of nearly $97,000 within a five-mile radius and proximity to cultural attractions, dining, and entertainment, this property is well-positioned for sustained demand.
The tenant, Frost Bank, is a highly respected financial institution with over 150 years of history and a strong credit profile. As a publicly traded company (NYSE: CFR), Frost Bank offers a recession-resistant business model and consistent profitability, making this asset a secure and attractive investment for hands-off owners seeking reliable cash flow and long-term value.
Located between Dallas and Fort Worth, the site provides convenient access to major thoroughfares, Dallas/Fort Worth International Airport, and Dallas Love Field. The Irving Heritage District is undergoing active revitalization, creating a dynamic environment for retail and financial services. With an average household income of nearly $97,000 within a five-mile radius and proximity to cultural attractions, dining, and entertainment, this property is well-positioned for sustained demand.
The tenant, Frost Bank, is a highly respected financial institution with over 150 years of history and a strong credit profile. As a publicly traded company (NYSE: CFR), Frost Bank offers a recession-resistant business model and consistent profitability, making this asset a secure and attractive investment for hands-off owners seeking reliable cash flow and long-term value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,510 SF
Building Class
C
Year Built
1972
Price
$1,000,000
Price Per SF
$284.90
Cap Rate
4.92%
NOI
$49,248
Tenancy
Single
Building Height
1 Story
Building FAR
0.67
Lot Size
0.12 AC
Zoning
CC - Commercial
Parking
5 Spaces (1.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Monument Signage
Property Taxes
| Parcel Number | 32000500080010100 | Improvements Assessment | $155,400 |
| Land Assessment | $40,800 | Total Assessment | $196,200 |
Property Taxes
Parcel Number
32000500080010100
Land Assessment
$40,800
Improvements Assessment
$155,400
Total Assessment
$196,200
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