

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