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2914 Valley View Ln 5,800 SF 100% Leased Retail Building Farmers Branch, TX 75234 $2,750,000 ($474.14/SF) 5.86% Cap Rate
Investment Highlights
- ASSET FEATURES • The center enjoys excellent visibility. • The center is 100 percent occupied. • Easy access from Highway 635 & 35. • Well balanced.
- Recently renovated with over $500,000 in improvements, providing a modern and well-maintained appearance.
- Ample on-site parking with 20 surface spaces, supporting customer convenience and tenant operations.
Executive Summary
A Stunning 5,800 sq.ft building in the heart of Farmers Branch, Texas. Building is in excellent and new condition and is 100% leased to good selection of tenants, including Dallas Medical Center Urgent Care, Cricket Wireless & Fiesta Insurance. Location: The building is located at 2914 Valley View Lane in the heart of Farmers Branch, Texas and next to Walmart. The entire center was totally renovated in 2014. Excellent investment opportunity in a prime location.
ASSET FEATURES • The center enjoys excellent visibility. • The center is 100 percent occupied. • Easy access from Highway 635 & 35. • Well balanced, traffic generating tenants, that complement and sustain long term business. • Attractive contemporary architecture and customer friendly store fronts. • Clean lines and open-air design. • The majority of the tenants have been in this property for longer than 1 year. • Long term leases. • Fully renovated.
ASSET FEATURES • The center enjoys excellent visibility. • The center is 100 percent occupied. • Easy access from Highway 635 & 35. • Well balanced, traffic generating tenants, that complement and sustain long term business. • Attractive contemporary architecture and customer friendly store fronts. • Clean lines and open-air design. • The majority of the tenants have been in this property for longer than 1 year. • Long term leases. • Fully renovated.
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- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,800 SF
Building Class
C
Year Built/Renovated
1956/2014
Price
$2,750,000
Price Per SF
$474.14
Cap Rate
5.86%
NOI
$161,082
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.65 AC
Zoning
PD-Farmers Branch - Retail
Parking
20 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
153’ on Valley View Ln
Amenities
- Pylon Sign
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 24187500050070000 | Improvements Assessment | $1,724,500 |
| Land Assessment | $247,500 | Total Assessment | $1,972,000 |
Property Taxes
Parcel Number
24187500050070000
Land Assessment
$247,500
Improvements Assessment
$1,724,500
Total Assessment
$1,972,000
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2914 Valley View Ln
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