4575 Claire Chennault
Addison, TX 75001
Claire Chennault Hangar · Specialty Property For Sale · 21,000 SF

PROPERTY OVERVIEW Marcus & Millichap is pleased to offer the unique leasehold opportunity to acquire a 19,285-square foot airplane hangar in Dallas, Texas. The subject property is a leasehold interest and consists only of the improvements. The land is owned by the Town of Addison, Texas, and is on a long-term ground lease that expires on August 30, 2032. The multi-tenant building is anchored by Million Air Dallas (13,807 square feet of hangar space). Additional tenants include SoundForgers, Traffick 911, and Garwell LP. Traffick 911 and Garwell LP both have triple-net leases; Million Air Dallas and SoundForgers have gross leases. The building was constructed in 1984. LOCATION OVERVIEW The subject property is located at the Addison Airport on Claire Chennault Street, less than one mile west of the Dallas North Tollway. Addison Airport is conveniently located in the heart of the North Dallas business district, close to downtown Dallas, Plano Legacy Corridor, Richardson, and Frisco. The airport serves the general-aviation public with two fixed base operators (Million Air and Atlantic Aviation), an FAA control tower, 24-hour U.S. Customs services, no landing fees, and over 70 aircraft-related businesses on the field. It also has a 7,200-foot runway to accommodate larger aircrafts. The surrounding area has excellent demographics. More than 367,300 residents live within five miles of the property and have an average household income exceeding $95,000. A dense retail trade area is located southeast of the property at the intersection of the Dallas North Tollway and Belt Line Road, with major retailers including Walmart Supercenter, Best Buy, Barnes & Noble, Whole Foods Market, DSW, Ulta Beauty, Office Depot, Five Below, Michaels, Walgreens, and numerous other national and regional retailers.