3001 Kendale Dr
Dallas, TX 75220
Pecan Tree Apartments · Multifamily Property For Sale · 171 Units

This exclusive listing of the Pecan Tree Apartments is located in Dallas, Texas which was just named one of the country’s economic powerhouses of 2018, ranking 4th among 10 U.S. cities that are projected to soar the most in terms of financial stability based on population growth, employment, and business opportunities (Business Insider). Constructed in 1974, Pecan Tree is comprised of 171 units in ten, 2-story buildings which have a combination of brick and siding underneath flat roofs. The property is master metered for electricity with individual HVACs, while hot water is provided through central gas boilers. Pecan Tree is located just north of Northwest Highway (Loop-12) off of Kendale Drive, approximately 1-mile east of I-35, in the Bachman Lake/Webb Chapel submarket which has a current average occupancy of 96% and rental rates which have increased 10.06% over the trailing 24-months (ALN, February 2018). The intersection of Northwest Highway and Kendale Drive sees 49,000 cars per day, making the property highly visible and accessible. The area is comprised mostly of younger families who are employed in skilled positions across manufacturing, construction, and retail trade sectors (ESRI, 2018). The property is less than 7-miles northwest of the Dallas CBD and is within 5-miles of some of the area’s largest employers including Parkland Hospital (5,000 – 9,999 employees, Quexco (5,000 – 9,999 employees), Transcontinental Realty (5,000 – 9,999 employees), Andrews Distributing (1,000 – 4,999 employees), Neiman Marcus Direct (1,000 – 4,999 employees), Partsmaster (1,000 – 4,999 employees), Southwest Airlines (1,000 – 4,999 employees), and Trinity Industries (1,000 – 4,999 employees).