Live Oak & Liberty Retail Shops
Core Infill Dallas Multi-Tenant Retail
Marketing description
DuWest Realty Investment Services has been exclusively retained to present the opportunity to sell Live Oak & Liberty Retail Shops ("The Property"), a 7,084 SF (.232 acres) shopping center in core Dallas, directly adjacent to the CBD. The center is 100% occupied with Tenant mix featuring a variety of service-oriented and internet-resistant tenants. The Property is located at the intersection of Live Oak and Liberty Street in an A+ location by downtown Dallas, Deep Ellum and the Baylor Medical Center district.
Ideally located in Dallas' dense business corridor, the Property is positioned amongst embedded residential office, medical & entertainment districts. Within one mile of the property is The Epic, featuring three buildings including 251,606 SF office s pace, the Pittman Hotel, The Hamilton residential building, and 18,000 square feet of high-end retail. Other notable market drivers are Baylor Hospital (5,000 employees) and the famed entertainment district Deep Ellum (40 Square Blocks featuring 50 restaurants, bars & music venues).
The acquisition of 2817 Live Oak Retail offers investors a unique core investment featuring embedded rent growth and fair market value options. With limited retail in the submarket, the tenants benefit from a lack of retail options and strong density within walking distance. As a covered land play with a stable going in return, this investment presents buyers with an excellent long-term investment.
Investment highlights
- The center includes six internet-resistant tenants which provide a variety of offerings
- 100% occupied
- All leases are NNN
- Fully stabilized with embedded rental bumps
- Infill location which will hold value for years to come
- Live Oak and the surrounding area have seen a large influx of new residential development. This includes multifamily buildings and townhome complexes increasing the walkability of the center.
- Multifamily buildings in the direct area include Oak & Ellum, the Flynn (2025) which has 327 units and The Gabriella (2020). The Gabriella is a Class A, 14-story building, which features a 56,000 sf Tom Thumb Grocery store on the ground level. Directly across the street is a Tom Thumb gas station which features a convenience store.
- A noteworthy office and mixed use development in the area (0.5 miles away) is the Epic (2019). Consisting of four buildings, the Epic includes 10 stories of office space, 18,000 SF of retail,a 26-story residential tower known as the Hamilton, and a 164 room Kimpton hotel called the Pittman Hotel.
- The Property is also in close proximity to the majority of hotels used for business conventions. The list includes the Statler Hotel, Westin Dallas Downtown, The Adolphus, Magnolia Dallas Downtown, Hotel Indigo, and the Sheraton Dallas. All mentioned hotels are within 1.2 miles or less of the Live Oak property.
- The Fine Arts District of Dallas is located 1.3 miles away. The area includes the Dallas Museum of Art, The Nasher Scultpure Center, AT&T Performing Arts Center, The Dallas Symphony Orchestra, and Booker T. Washington School for the Performing Arts.
- Baylor Scott & White Medical Center, located 0.6 miles away, is one of the largest hospital campuses in North Texas which cares for more than 300,000 people each year and employs over 5,000 medical professionals. The facility is home to many primary and specialty care doctors. The company also recently completed their new office building which cost $70mm to build and is now home to all Baylor Scott & White office employees. Baylor Scott & White is the largest not-for-profit health system in Texas, and encompasses 48 hospitals across the state.
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