Ferguson Village Available For Sale

Highlights:

• Value Add Opportunity: Center gives a buyer the ability to substantially increase NOI via lease up of existing vacancy and replacing the additional 17% of tenants on M2M leases and/or raising rents to market
• Urban Infill Location: 257,154 Residents within a 5-Mile Radius, with an Avg. HH Income of $95,400, less than 10 min from Downtown Dallas
• Property Includes Pad Site Potential for Future Development and Upside
• Roof Recently Replaced in (2021)
• Priced at $145 PSF
• Recently Signed Long Term Lease with National Tenant, WellMed
• Diverse Tenant Mix: The property features a desirable tenant line-up of local & national tenants, most of which have been operating at the center for more than 5 years

Description:

Matthews Real Estate Investment Services in pleased to exclusively offer a ±37,281 SF strip center called Ferguson Village (the “Property”) located in Dallas, TX - 4th largest metroplex in the United States. The property is located at the Hard Corner of Oates Dr. and Ferguson Rd and benefits from a strong Urban Infill Location boosting a high immediate population and strong household incomes. The center is being offered as a great Value-Add Opportunity through lease-up and NNN conversions at an already favorable cap-rate, giving the opportunity for an investor to immediately step in and lower their basis.