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32196451
32196496

7600 Greenville Avenue, Dallas, TX 75231

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas
$5,985,000
35 days on market
Updated 35 days ago

Calloway's Nursery - Dallas, TX

Details
Property Type Retail
Square Footage 35,000
Net Rentable (SqFt) 33,000
Cap Rate 6.00%
NOI $359,100
Occupancy 100%
Rent Bumps Yes
Year Built 2021
Acreage 1.730
Ground Lease No

Calloway's Nursery | 15-Years of Term | Abs NNN Structure | Infill, High-Barrier to Entry Location

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the single tenant Calloway’s Nursery (the “Property” or “Asset”) offering in Dallas, TX. The Asset is strategically positioned on a 1.73-acre parcel fronting Greenville Avenue across from Royal Oaks Country Club, 8 miles northeast of Downtown Dallas. The surrounding area offers a unique mix of commercial properties including a premier hospital, country club, office buildings, apartment communities and dense, affluent demographics. Since 2010, the surrounding 1-mile population has grown by nearly 20%. To support this growth, more than 2,000 apartment & assisted living units have been delivered within four blocks of the Asset since 2021 alone. Further, the Dallas-Fort Worth metro ranks #1 for new construction homes in 2026.

Calloway’s is the premiere nursery & gardening retailer in the Dallas region, operating in 22 locations throughout the area and generating over $80 million in annual revenues. The Tenant has 15 years of term remaining on an original 20-year absolute NNN lease with contractualincreases and three (3) 5-year renewal options. This Asset provides investors the opportunity to acquire a property with an irreplaceable location in the heart of Dallas offering long-term, stable cash flow, with zero management responsibility.

Investment highlights

  • 15-Year Absolute NNN lease with multiple renewal options and periodic rent growth
  • Rare 1.75 AC infill real estate along the coveted Greenville Avenue corridor, one of the most sought-after areas in the region. Mixed Use-2 zoning allows for 10 stores on the site
  • Dallas-Fort Worth is the #1 metro for new construction homes in 2026
  • Calloway's is the #1 leader in nursery & gardening supplies within the Dallas metro
  • The surrounding 1-mile population has grown by 20% since 2010
  • AHHI within 3-miles of the site exceed $140,000, making it one of the wealthiest areas of Dallas

Listing Contacts

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$359,100.00
$29,925.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Caroline Pinkston
License
601565
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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