Regions Bank Preston Center

5858 West Northwest Highway, Dallas, TX

Market Price

Price

$423,300

NOI

1.18 acres

Lot Area

Overview
NOI
$423,300
Lot Area
1.18 acres
Occupancy
100%
Lease Type
Absolute Net
Year Built
2018
Gross Leaseable Area
2700
Construction Status
Built
Parking Ratio
11.111
Floor
1
Description

Colliers’ Retail Capital Markets Team is pleased to present the rare opportunity to acquire the trophy Regions Bank Preston Center located in the heart of Dallas, Texas. This asset is an exceptional opportunity to secure 19 years of stable cash flow with 2% annual increases from a strong performing ±2,700 square foot Regions Bank (S&P: A-) store located in one of the wealthiest sub-markets in the country.

Highlights
  • New Construction Regions Bank on an 19-Year Absolute NNN Lease
  • Located in Preston Center, Dallas’s premiere shopping and dining destination
  • Incredible visibility with over 56,000 VPD passing the site on W Northwest Hwy, one of the city’s major east/west thoroughfares
  • Located in one of the wealthiest zip codes in America with a median household income of $245,611
  • Regions Financial Corporation (NYSE:RF) has over 1,500 Bank Branches and over 2,000 ATM’s
  • Extremely secure investment grade credit tenant (S&P: A-)
  • Desirable 2% annual increases
Documents
Title
Regions_Bank_-_Dallas_TX_EMAIL.pdf
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Location
Gallery