300 N Coit Road, Richardson, TX 75080

Promenade Retail and Office Tower presents a premier investment opportunity in Richardson, Texas, offering 84,421 square feet of high-quality retail space and 142,302 square feet of high-quality office space in a landmark location at 300 North Coit Road. Marcus & Millichap is pleased to offer this centrally positioned asset, which sits near the intersection of Belt Line Road and North Coit Road, an area renowned as one of the nation's most dynamic high-tech and international business hubs.

Recently renovated and well maintained, the property's strategic location, flexible mixed-use spaces, and comprehensive updates including lobby, corridor, elevator, and HVAC improvements further enhance its appeal. Offering a blend of stable rent roll and significant leasing upside, investors are poised to benefit from both immediate income and long-term growth potential, with the opportunity to reposition the asset at a price substantially below replacement cost.

The asset comprises a two-story retail plaza and 15-story office tower with retail occupancy at 57.21 percent and office occupancy at 53.05 percent. Coit Road, which sees over 41,600 vehicles daily, provides substantial leasing upside and synergistic potential with the office tenancy. Building amenities include a conference center, tenant lounge, structured parking, on-site security, and property management, along with prominent signage opportunities and excellent walkability (Walk Score 87) to shops and dining. With its significant upside, strategic location, and strong fundamentals, Promenade Tower is an exceptional "value add" investment in the thriving Dallas/Fort Worth Metroplex.