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Walnut Park Shopping Center 4401-4425 West Walnut Street 42,232 SF 100% Leased Retail Building Garland, TX 75042 $7,393,000 ($175.06/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied | Long Tenant Operating Histories | Diverse Tenant Lineup
- Rare Multi-Tenant Opportunity In The Heart of DFW | High Growth Area | Income-Tax-Free State
- Strong Demographics In 5-Mile Trade Area
- Proximity To Several Multi-Family Complexes | Dallas College - Richland Campus | Dense Retail Corridor
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
EXECUTIVE SUMMARY
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 13-tenant shopping center located in Garland, Texas. The asset is 100% occupied with almost half of the tenants having a operating history of over 11 years, demonstrating the historical stability and attractiveness of the asset. Ten of the tenant’s leases contain annual rental increases, providing a hedge against inflation while steadily growing NOI. Furthermore, the center’s diverse tenant lineup of restaurant, entertainment, and service users making the center internet-resistant while promoting crossover exposure through complementary uses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
42,232 SF
Building Class
C
Year Built
1960
Price
$7,393,000
Price Per SF
$175.06
Cap Rate
7%
NOI
$517,524
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
5.76 AC
Zoning
CR - Community Retail
Parking
293 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
99’ on Walnut St
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 266575001821R0000 | Improvements Assessment | $2,122,830 |
| Land Assessment | $1,177,170 | Total Assessment | $3,300,000 |
PROPERTY TAXES
Parcel Number
266575001821R0000
Land Assessment
$1,177,170
Improvements Assessment
$2,122,830
Total Assessment
$3,300,000
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Walnut Park Shopping Center | 4401-4425 West Walnut Street
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