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- LoopNet Team
3904 Towne Crossing Blvd
Mesquite, TX 75150
El Fenix · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate El Fenix with New, 15-Year NNN Lease in Dense & Established DFW Submarket of Mesquite, TX
- Population in The Area Exceeds 135,600 & 327,900 Persons in a 3 & 5 Mile Radii, Respectively
- Well-Positioned at the Intersection of Interstate 635 & Interstate 30; Combined Traffic Counts of Over 320,000 VPD
- El Fenix was Founded in 1918 & has been Named “Best Tex-Mex” & “Best Margarita” Consecutive Years by D Magazine’s Reader’s Choice Award (Dallas)
PROPERTY FACTS
ABOUT 3904 TOWNE CROSSING BLVD , MESQUITE, TX 75150
El Fenix is a 7,536 square foot, single-tenant net leased retail asset situated on 1.55 acres at the intersection of Interstate 30 and Interstate 635 in Mesquite, Texas, approximately 15 minutes east of Downtown Dallas. El Fenix is guaranteed by El Fenix Corporation, and the company is owned and operated by Firebird Restaurant Group with over 50 locations in operation. At close of escrow, the tenant will sign a new, 15-year NNN Lease with 10% rent escalations every 5 years and two, 5-year renewal options. The Property is located in dense retail trade corridor that includes Town East Mall, a 1,220,000 square foot super-regional mall comprised of 160 stores anchored by Dillard’s, Macy’s, JCPenney and Sears. The immediate trade area contains over 2,500,000 square feet of retail space. Additional notable area tenants include Lowe’s, Kohl's, Best Buy, Michaels, Bed Bath & Beyond, Ross, Pier 1 Imports, PetSmart, Kroger, Office Depot, OfficeMax, Marshalls, Target, 24 Hour Fitness, Petco, Ashley Furniture, Burlington Coat Factory, Big Lots, Academy Sports, among many other national operators.
PROPERTY TAXES
| Parcel Number | 382160000B02E0000 | Improvements Assessment | $735,050 |
| Land Assessment | $677,450 | Total Assessment | $1,412,500 |
PROPERTY TAXES
