www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31822113
31822114

565 W Oates Rd, Garland, TX 75043

Crest Commercial Real Estate
Listed by Crest Commercial Real Estate
$5,959,000
46 days on market
Updated 25 days ago

Audubon Village Shopping Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 32,781
Cap Rate 6.50%
NOI $387,342
Occupancy 92.1%
Tenancy Multi
Lease Type NNN
Year Built 1985
Year Renovated 2020
Investment Type Stabilized
Ground Lease No

Retail | 6.50% CAP | 32,781 SqFt

Marketing description

Crest Commercial Real Estate, Inc., is pleased to present, on an exclusive basis, the opportunity to acquire Audubon Village Shopping Center, a 32,781 square foot neighborhood retail center located in Garland, Texas.

Strategically positioned just northeast of Dallas, Garland is one of the fastest-growing and most diverse cities in the Dallas–Fort Worth Metroplex. As the 12th largest city in Texas and the 5th largest within the DFW region, Garland offers a well-established residential base, a strong labor force, and a balanced economy supported by manufacturing, healthcare, education, and retail sectors.

The city continues to foster a pro-business environment, with ongoing initiatives to support local enterprises, encourage new commercial investment, and enhance its competitive standing within the regional marketplace. Garland's blend of thriving neighborhoods, dense retail corridors, and community-centered amenities provides a stable foundation for sustained commercial performance.

Audubon Village Shopping Center serves as a convenience-oriented retail destination for the surrounding community, supported by steady daily traffic, established long-term tenancy, and close proximity to Audubon Park, a major recreational hub drawing consistent visitor activity throughout the week and on weekends.

This offering presents investors with the opportunity to acquire a well-located, service-driven neighborhood center positioned in a strong and growing suburban market with potential for value enhancement through strategic leasing and management initiatives.

Investment highlights

  • Established Tenant Stability: Several tenants have occupied the center for 10+ years, demonstrating strong tenant loyalty and consistent neighborhood demand.
  • Diverse Customer Base: The surrounding trade area includes a balanced mix of single-family neighborhoods, multifamily communities, and nearby commercial developments, supporting steady and varied consumer traffic.
  • Proximity to Audubon Park: Located near the well-known Audubon Park, a major destination for community sports and recreation, providing frequent daytime and weekend activity that benefits surrounding retail.
  • Excellent Regional Accessibility: Convenient access to I-30 and I-635 positions the center for easy connectivity throughout the Dallas–Fort Worth Metroplex.

Listing Contacts

Crest Commercial Real Estate
Listed by Crest Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$387,342.00
$32,278.50/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591