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- LoopNet Team
2720 Live Oak St
Dallas, TX 75204
Tom Thumb Express Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15-Year Corporate Tom Thumb (Safeway, Inc.Corporate Lease) Ground Lease with Zero Landlord Responsibilities
- Urban Infill, Hard Corner Location Seconds from Deep Ellum & Adjacent to Downtown Dallas
- Below Market Rent of $138,000 Annually While Two (2) Nearby Recent Gas Station Leases Recently Commenced over $300,000 Annually
- 55,000 SF Tom Thumb Supermarket Anticipated Opening Q3 2020 Across Live Oak Street on Ground Floor of 14-Story High Rise Apartment (370 Units)
PROPERTY FACTS
ABOUT 2720 LIVE OAK ST , DALLAS, TX 75204
Tom Thumb (Safeway, Inc. Corporate Lease) signed a 15-year ground lease for a 2018 construction convenience and fuel location adjacent to Downtown Dallas and the iconic Deep Ellum entertainment and office district. Positioned at a gateway urban infill hard corner, the Property sits immediately across Live Oak Street from the Gabriella, Phase II of Greystar’s CityLights development featuring a 55,000 square foot street level Tom Thumb supermarket estimated to open 3rd quarter of 2020 and 370 luxury apartment units in a 14-story high rise structure. Residents are anticipated to begin moving into the Gabriella in late summer 2020.
PROPERTY TAXES
| Parcel Number | 00032400020010000 | Improvements Assessment | $849,680 |
| Land Assessment | $1,378,000 | Total Assessment | $2,227,680 |
PROPERTY TAXES
