Grand Plaza Shopping Center 3101 Al Lipscomb Way 26,530 SF 100% Leased Retail Building Dallas, TX 75215 $4,000,000 ($150.77/SF)

DB2RE Investment Sales is pleased to present the opportunity to acquire Grand Plaza (“The Property”), a fantastic value-add strip center totaling 26,530 SF on 1.96 AC along Al Lipscomb Way in the heart of Dallas, Texas, just south of the historic Fair Park grounds (the #1 tourist attraction in Texas). Currently, the Property is 95% occupied with well below market rental rates averaging $7.68 PSF, in addition to the majority of tenants being on MTM or short-term leases. Whether a short-term or long-term owner, this rare mark-to-market opportunity, combined with the fact that 91.78% of the Property are on gross or modified gross leases, allows investors to maximize revenue with relative ease well within a 5-year hold period. Most importantly, Grand Plaza’s unbeatable infill location, visibility and access to this high growth / high-barrier market ensures continued growth year over year.
Strategically positioned in the heart of Dallas’ urban core, the Property boasts incredible densities with over 143,220 and 372,418 residents within a three to five mile radius, in addition to staggering household incomes exceeding $120,383 and $126,868 within the same respective trade range. The area features a robust mix of multi-family, retail, office, and industrial assets, and is flanked by major arteries and key traffic generators such as: Fair Park, Downtown Dallas, and Deep Ellum. Offered well below replacement cost, Grand Plaza provides prospective investors a legacy retail investment at a discount to comparable assets in the DFW Metroplex. Most notably, Grand Plaza’s tenured tenancy and stabilized cash-flow, coupled with its numerous value-add components and ability to immediately reposition the asset offers greater flexibility in how and when to maximize value, all while revenue is maintained. This rare and unique blend of stability and upside potential makes Grand Plaza perfect for an array of investors, from the value-add buyers to the stabilized core buyers and everything in between.