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5205 N Garland Ave 20,925 SF Retail Building Garland, TX 75040 $4,500,000 ($215.05/SF) 7.65% Cap Rate
Executive Summary
Prime investment opportunity, with long term credit Tenant. Office Depot just signed a 5 year renewal in March of 2024.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
20,925 SF
Building Class
B
Year Built
2005
Price
$4,500,000
Price Per SF
$215.05
Cap Rate
7.65%
NOI
$344,216
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.13
Lot Size
3.81 AC
Zoning
PD
Parking
150 Spaces (7.17 Spaces per 1,000 SF Leased)
Frontage
133’ on Garland Ave
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 263918000101R0000 | Improvements Assessment | $2,138,460 |
| Land Assessment | $1,992,600 | Total Assessment | $4,131,060 |
Property Taxes
Parcel Number
263918000101R0000
Land Assessment
$1,992,600
Improvements Assessment
$2,138,460
Total Assessment
$4,131,060
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Presented by
Palomar Enterprises, Inc.
5205 N Garland Ave
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