Camp Wisdom Portfolio Sale 2 Retail Properties in Dallas, TX

Join an up-and-coming commercial hub with the acquisition of this income-producing collection of retail suites at Redbird Highland Plaza, located at 4099 & 4107 W Camp Wisdom Road in Dallas, Texas. Delivered ±71% occupied with a weighted average lease term of approximately 5.3 years, this performing investment allows a new owner to capture existing income while leveraging several value-add growth opportunities to drive increased revenue.

Discover how Redbird Highland Plaza separates itself from the competition with a strong, diverse tenant mix and a bevy of desirable property features. 4099 W Camp Wisdom Road spans a total of 9,208 square feet, and 4107 W Camp Wisdom Road spans a total of 15,980 square feet, both built in 1984 on a 3.81-acre lot. The building’s roster of successful, traffic-driving tenants includes several restaurants, a popular event venue, an employment agency, and a dance studio. Additionally, a freestanding outbuilding measuring 360 square feet sits in the parking lot and can be leased as a quick-service restaurant. The spacious site boasts ±250 feet of frontage to W Camp Wisdom Road, providing exposure to more than 25,000 daily vehicles. The well-situated property handles this elevated traffic with two convenient access points, abundant on-site surface parking, and prominent pylon signage that delivers strong brand visibility for tenants of the center. Customers are greeted by the suites' covered entry points and fully glass storefronts. With its diverse tenancy and a versatile selection of modern commercial spaces, Redbird Highland Plaza perfectly accommodates a wide range of retail or office uses.

Reaching Redbird Highland Plaza is simplified by the center’s convenient proximity to major thoroughfares such as Interstates 20 and 67. This stellar location delivers a robust potential customer base thanks to the area’s wealth of traffic-driving attractions, retailers, and large employers. Within 10 minutes of the property, there are dozens of household name retail locations, including AutoZone Auto Parts, Planet Fitness, Golden Chick, Starbucks, Dollar Tree, Olive Garden, Red Lobster, and more. Additionally, the property receives immense commuter exposure thanks to nearby job centers, including a mission-critical regional operation for Lockheed Martin and large distribution centers for Dart Container Corp., Frito-Lay, PepsiCo, Old Dominion, Kohl’s, Kohler, and The Home Depot. Other destinations in the immediate area include the Dallas Executive Airport, the University of North Texas at Dallas, and the Inspiring Body of Christ Church, offering one of the country’s largest congregations with more than 10,000 weekly attendants. This incredible concentration of professional, leisure, and retail traffic sets the area apart as a true hotspot for retail businesses.

Redbird Highland Plaza is set within the energetic and high-growth Redbird neighborhood within the booming Southwest Dallas County Retail Submarket. The area has been the home to numerous recent redevelopment projects, attracting higher-income households and growing the local consumer base. Driven by low levels of new construction, retail asking rents have grown 3.8% year-over-year, while vacancy rents in neighborhood centers remain constrained at just 8.1%. The highly liquid submarket is a perfect destination for new investment, with annual sales volume surpassing $22.8 million. A major driver of this elevated interest is the Shops at Redbird, a mixed-use reimaging of the former Southwest Center Mall that now offers a dynamic array of shops, restaurants, residences, offices, and healthcare facilities in a vibrant live-work-play hub that sits less than a mile from the subject property. Recently, a Chick-fil-A neighboring the development sold for an impressive $3.7 million on a 4.15% cap rate, one of the lowest in the submarket’s history. Impressive fundamentals in both sales and leasing activity cement the area as a lucrative investment market on the rise.

Don’t miss this rare chance to join a rising retail hub of South Dallas with the cash-flowing, value-add neighborhood center at Redbird Highland Plaza.