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32343483
32343482

3575 STORY RD W, IRVING, TX 75038-1224

TA
TX 617806
SHOP Companies Dallas
SK
TX 845275
SHOP Companies Dallas
Listed by SHOP Companies Dallas
$4,728,000
32 days on market
Updated 3 days ago

Heartland Dental & PJ's Coffee Retail Center

Details
APN 99231113420000000
Property Type Retail
Square Footage 9,723
Units 1
Cap Rate 6.00%
NOI $283,715
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 6
Rent Bumps Yes
Year Built 2021
Acreage 1.180
Ground Lease No

Heartland Dental & PJ's Coffee Retail Center | 9,723 SF | Irving, TX (DFW)

Marketing description

100% Leased, 2021 Construction Retail Center Led by Heartland Dental (Corporate) & PJ’s Coffee (Drive-Thru) | Average Base Lease Term Expiration of October 2032 | Rents Average $29.81 PSF NNN

Located in the Highly Desirable & Dense Dallas/Fort Worth Submarket of Las Colinas in Irving, Texas | Daytime Population Exceeds 124,900 & 343,900 in a 3- & 5-Mile Radii Respectively

Investment highlights

▪ Complementary Tenant Mix Led by Dentalogy (Heartland Dental, LLC, Corporate), Tesla Supercharger Station (Tesla, Inc., Corporate), PJ’s Coffee (Drive-Thru End Cap with Outdoor Patio), Forever Young Aesthetics, Visionary Wellness & Imaging, &161 Vape; 5/6 Tenants Experience Rent Bumps During Primary Term

▪ Dentalogy (Heartland Dental, LLC, Corporate) Supports 1,900+ Dental Offices & 3,000+ Dentists Nationwide

▪ Benefits from Positioning between West Story Road (Service Road access to State Highway 161 -120,100+ VPD) & North Belt Line Road (38,500+ VPD), in a Primary Retail Corridor with 1.4MM SF of Retail GLA & 15,300+ Multifamily Units in a 2-Mile Radius

▪ Strong Fundamentals on a 1.18-Acre Parcel, Glass Storefront Systems with Modern Flat-Profile Canopy System, Average Suite Size of 1,945 SF, Drive-Thru End-Cap Enhancing Long-Term Residual Value & Highly Visible Monument Sign

▪ Approximately 3 Miles from DFW International Airport (87.8 Million Passengers in 2024 & Ranked 4th Busiest Airport in the World) & in Proximity to Dallas Love Field Airport (17.9 Million + Passengers in 2024 with 220+ Daily Commercial Departures)

▪ Dense Commercial Trade Area with over 12.4M SF of Industrial GLA in a 2-Mile Radius, Fulfillment by Amazon, LifeScience Logistics & Lennox Distribution Center Amongst Others

▪ Less than 10 Minutes from American Airlines Headquarters; $300M+ Campus, 7,000+ Employees across 300 Acres & 20 Minutes Northwest of Downtown Dallas`

▪ Adjacent to Great Hearts Irving Elementary School, a K–12 Charter Campus Serving 900+ Students

Listing Contacts

TA
TX 617806
SHOP Companies Dallas
SK
TX 845275
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
$283,715.00
$23,642.92/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Suhi Kosuri
License
845275
Brokerage Phone
2146762525
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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