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32638989
32639086

13601 Midway Road, Dallas, TX 75244

WW
TX TX 596941
DUWEST
BP
TX TX 538293
DUWEST
AS
TX 700062
DUWEST
Listed by DUWEST
$4,300,000
23 days on market
Updated 23 days ago

Midway & Alpha Retail

Details
Property Type Retail
Sub Type Bank
Square Footage 7,333
Net Rentable (SqFt) 7,333
NOI $215,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/31/2031
Remaining Term 5.2
Rent Bumps Yes
Class A
Year Built 2006
Acreage 1.480
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/01/2021
Ground Lease No
Sale Condition For sale by owner

100% Lease Guaranteed by Origin Bank until 2031

Marketing description

This exceptional retail property is located at the highly trafficked intersection of Midway and Alpha Road in the affluent Farmers Branch area of Dallas, Texas. The property features a 7,333 square foot building situated on 1.4795 acres with a drive-through and ample parking. Originally constructed in 2006 as a bank, the building is currently leased to Origin Bank with a sublease to Neurodivergent Center of America Texas, LLC, operating as play-based ABA therapy. The lease is guaranteed by Origin Bank through August 31, 2031, with a significant rent increase of 7.5% scheduled for September 2026. The signalized intersection location provides exceptional visibility with over 60,000 vehicles per day, while the surrounding area benefits from average home values of $535,211 within 1 mile and close proximity to elite private schools including Parish Episcopal School and Greenhill School.

Investment highlights

  • Current lease guaranteed by Origin Bank until 2031
    • Current tenant is sublease of Origin Bank, operating as play-based ABA therapy
  • Rent Increase of 7.5% starting September 2026 to $215,000
  • Signalized intersection sees over 60,000 VPD
  • Average Home Values of $535,211 within 1 miles of The Property
  • Limited retail supply and high demand to cater to the area's affluent demographics
  • Close proximity to elite private school corridor - Parish Episcopal (0.4 mi) and Greenhill School (0.9 mi)
  • Includes a drive through and ample parking

Listing Contacts

WW
TX TX 596941
DUWEST
BP
TX TX 538293
DUWEST
AS
TX 700062
DUWEST
Listed by DUWEST

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Loan Amount
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Annual Debt Service
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$215,000.00
$17,916.67/mo

Valuation Metrics

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Cap Rate
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ROI

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Additional Information

Name
Will Walters
License
TX 596941
Brokerage Phone
2146753665
Title
TX
Name
Bill Pyle
License
TX 538293
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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