Four Corners Property Co.
Listed by Four Corners Property Co.
$1,000,000
Free-Standing Frost Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 3,518
Net Rentable (SqFt) 3,518
Units 1
Cap Rate 4.92%
NOI $49,248
Occupancy 100%
Tenancy Single
Brand/Tenant Frost Bank
Lease Type NN+
Lease Term 10
Lease Expiration 01/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options Two (2) Options of Five (5) Years
Price per SqFt $284
Broker Co-Op Yes
Class A
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.240
Parking Spaces 25 spaces
Parking Per SqFt 7.11
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/21/2026
Occupancy Date 01/21/2026
Ground Lease No
New 10-Year Frost Bank | Irving, TX
Marketing description
- Strategic DFW Location: Irving is centrally located between Dallas and Fort Worth, with convenient access to major thoroughfares, Dallas/Fort Worth International Airport, and Dallas Love Field. This connectivity supports both tenant demand and long-term asset appreciation.
- Strong Employment Base: Irving is a major business hub, home to 10 Fortune 500 headquarters, four Fortune 1000 headquarters, and more than 8,500 large, small, and mid-sized companies. Over 140 international companies operate throughout the city, supporting a diverse and resilient economic base.
- Heritage District Redevelopment Momentum: The property is located within the Irving Heritage District, an area undergoing active revitalization. City incentives are available for property enhancements.
- Walkable Urban Environment: The Heritage District offers a pedestrian-friendly atmosphere with cultural attractions such as the Irving Archives and Museum, Millennium Fountain, and Centennial Park, along with dining, retail, and entertainment options along Main Street—supporting tenant visibility and consumer traffic.
- Attractive Demographics: Average household income of almost $97,000 within a five-mile radius, providing a strong consumer base to support retail tenancy and long-term leasing demand.
Investment highlights
- Stable, Passive Investment Opportunity: Ideal for a hands-off investor seeking secure, long-term cash flow, this asset features a newly executed 10-year lease, below-market in-place rent with upside potential, and significant recent property improvements that minimize near-term capital expenditures
- Prime Urban Retail Cash-Flow Opportunity: 3,518-SF single-tenant retail asset located at 202 East Irving Boulevard in the Heritage District of Irving, Texas, within the Dallas–Fort Worth Metroplex. The property benefits from a central urban location and strong surrounding redevelopment activity, making it well-positioned for hands-off investors.
- Recently Improvements: The subject property features newly renovated storefronts, distinctive retro signage, new roof, and a new exclusive parking lot, enhancing curb appeal and tenant visibility while reducing near-term capital needs.
Listing Contacts
Four Corners Property Co.
Listed by Four Corners Property Co.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,248.00
$4,104.00/mo
Valuation Metrics
0
DSCR
4.92%
Cap Rate
4.92%
ROI
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