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4485-4500 Trinity Mills Rd
Dallas, TX 75287
Parkway Corners I & II · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
38,932 SF
Building Class
B
Year Built
1995
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.73
Lot Size
1.22 AC
Zoning
MU-1
Parking
58 Spaces (4.61 Spaces per 1,000 SF Leased)
Frontage
213’ on Trinity Mills Rd

ABOUT 4485-4500 TRINITY MILLS RD , DALLAS, TX 75287

- Stabilized Asset: Parkway Corners I & II is currently 100% occupied with 59% of the existing tenancy not expiring until November 2023 or later, providing an investor with stabilized long term cash flow. Additionally, the majority of leases have scheduled rental increases throughout their terms, providing an investor substantial contractual revenue growth throughout the holding period. - E-Commerce Resilient: The tenancy of Parkway Corners I & II consists exclusively of restaurant and service oriented uses, mitigating the risk of e-commerce competition, while also filling the “experiential retail” need expected by consumers today. - Exceptional Location with High Traffic Counts: Located on the Dallas North Tollway at Trinity Mills Rd., Parkway Corners I & II is conveniently located in the heart of one of the heaviest traveled areas of DFW. This segment of the Dallas North Tollway has daily vehicle counts approaching 170,000, with Trinity Mills Rd. having daily vehicle counts exceeding 25,000. - Tremendous Trade Area with High Growth and Income: Over the past decade, the north Dallas area has consistently been ranked as one of the fastest growing areas in the entire country. This is evidenced by the property’s demographical data – within 1, 3, and 5 miles of the property’s location, population growth from 2010 to 2018 has been 70%, 44%, and 28% respectively, and current average household income within 1, 3, and 5 miles is $99K, $94K, and $98K respectively. To summarize, the asset is located at the center of a highly affluent and fast growing submarket populated by consumers with considerable amounts of discretionary income. - Outstanding Visibility and Accessibility: Parkway Corners I & II possesses unparalleled visibility from the Dallas North Tollway, as well as multiple points of unrestricted signalized access.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-3234-00B-055A-1
Land Assessment
$1,280,256
Improvements Assessment
$2,442,614
Total Assessment
$3,722,870
  • Listing ID: 15763582

  • Date on Market: 4/17/2019

  • Last Updated:

  • Address: 4485-4500 Trinity Mills Rd, Dallas, TX 75287

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