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31852410
31852404

1222 N BISHOP AVE, DALLAS, TX 75208

TT
TX 543816
SHOP Companies Dallas
Listed by SHOP Companies Dallas
$11,544,000
44 days on market
Updated 44 days ago

Comerica, Methodist, Jimmy John's, Gupta Smile, UPS Store

Details
APN 99100506900000000
Property Type Retail
Square Footage 15,388
Net Rentable (SqFt) 15,388
Units 1
Cap Rate 5.35%
NOI $618,618
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 6
Rent Bumps Yes
Year Built 2009
Acreage 1.960
Ground Lease No

Generational Shopping Center Asset | $11,544,000 | 15,388 SF | Dallas, TX

Marketing description

Comerica Bank, Methodist, Jimmy John's, Gupta Smile Studio, & UPS Store is a 15,388 square foot irreplaceable multi-tenant retail center located at the signalized intersection of Colorado Boulevard and Bishop Avenue, across the street from Methodist Dallas Medical Center (400+ beds), and in close proximity to Dallas Central Business District, Design District, Bishop Arts District and Uptown. Southwest Dallas is one of the energetically growing regions in DFW with numerous areas of activity. Particularly, Bishop Arts has approximately $350 million in planned and ongoing development which includes over 1,500 new residential units, 84,000 SF of retail, and 112,000 SF of office. Bishop Avenue will double in size and more than 2 acres of walkable outdoor space/over 700 parking spaces will be added. Additionally, Bishop Arts Station (NWC & SWC of Davis & Zang) is a recently completed mixed-use development that includes 215 apartment units and 21,500 SF of retail/restaurant on the ground floor. North of Comerica Bank, Methodist, Jimmy John's, Gupta Smile Studio & UPS Store is the flourishing Trinity Groves district and the $50 million Sylvan Thirty development. In all, approximately 3,000 units have been constructed or planned for development in that area. Currently over 387,000 people live within a 5-mile radius. Notable retailers in the Bishop Arts District are Village Baking Co., Lucia, Dude Sweet Chocolate, Encina and Hugo’s Seafood Bar, amongst others.

Investment highlights

Irreplaceable Generational Retail Asset

Located In Bishop Arts District Across from Methodist Dallas Medical Center (400+ Bed Hospital)

Full Masonry, Shallow Bay Depth, Significant Parking, Hard Corner Positioning & Drive Thru End Cap

Total Daytime Population Exceeds 548,300 in a 5-Mile Radius

4 of 5 Tenants Have Annual Rent Escalations & All Tenants Options are at Market Rents

Future Potential Covered Land Play Development Site of 1.96 Acres in Urban Core Location

Walkable to Bishop Arts with Incredible Infill Dynamics & Retail/Restaurant Tenant Base

Incredible Tenant Line Up of Uses and Best in Class Operators

Listing Contacts

TT
TX 543816
SHOP Companies Dallas
Listed by SHOP Companies Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$618,618.00
$51,551.50/mo

Valuation Metrics

0
DSCR
5.36%
Cap Rate
5.36%
ROI

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