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610 E Jefferson Blvd 8,250 SF 100% Leased Retail Building Dallas, TX 75203 $4,226,592 ($512.31/SF) 6.25% Cap Rate
Executive Summary
• Infill hard-corner location 1 block north of the new I-35 Halperin Deck Park, and the Dallas Zoo, which brings in over 1 million visitors annually
• More than 166,000 people within a three-mile radius with average household incomes in excess of $108,000
• Easy access to I-35E, which carries over 202,000 VPD
• Rapidly revitalizing trade area with several developments/redevelopments planned and underway
• The shopping center has a dedicated parking field which is rare for this trade area
• There is a combined total of over 2,500 students within .25 miles of the site
• More than 166,000 people within a three-mile radius with average household incomes in excess of $108,000
• Easy access to I-35E, which carries over 202,000 VPD
• Rapidly revitalizing trade area with several developments/redevelopments planned and underway
• The shopping center has a dedicated parking field which is rare for this trade area
• There is a combined total of over 2,500 students within .25 miles of the site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
8,250 SF
Building Class
C
Year Built/Renovated
1958/2011
Price
$4,226,592
Price Per SF
$512.31
Cap Rate
6.25%
NOI
$264,162
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.70 AC
Zoning
Z248
Parking
35 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 003088010501A0000 | Improvements Assessment | $579,830 |
| Land Assessment | $1,070,270 | Total Assessment | $1,650,100 |
Property Taxes
Parcel Number
003088010501A0000
Land Assessment
$1,070,270
Improvements Assessment
$579,830
Total Assessment
$1,650,100
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