Dallas, TX - 2-Tenant Strip

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a value-add, two-tenant investment property located in Dallas, Texas. The tenant, Mint Dentistry, PLLC has over 3 years of term remaining with 2 (10-year) options to extend, demonstrating their commitment to the site. The lease features $0.50/SF/Year annual rental increases throughout the initial term and FMV rental increases throughout each option period, steadily growing NOI and hedging against inflation. Mint Dentistry’s lease is NNN with limited landlord responsibilities making it an ideal, low management investment opportunity.

The asset is located near the signalized, hard corner intersection of West Northwest Highway and Lemmon Ave which combine to average over 69,700 vehicles passing by daily. W Northwest Highway is a major retail thoroughfare serving the city of Dallas. The asset is located across from a Walmart Supercenter anchored center with other national/credit tenants including Planet Fitness, Starbucks, Chipotle, AutoZone, AT&T, and more. The site is located in close proximity to a Sam’s Club anchored center with tenants including Panda Express, Foot Locker, Pollo Campero, Popeyes, along with many others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Target, Central Market, Chick-fil-A, McDonald’s, Walgreens, Whataburger, QDOBA, CVS, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 275,900 residents and 307,700 employees with an average household income of $188,153.