Listed by STRIVE Commercial Real Estate Advisors, Strive Commercial Real Estate Advisors
$6,750,000
Fitzhugh Retail Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,855
Cap Rate 6.00%
NOI $404,767
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $762
Broker Co-Op True
Year Built 1985
Stories 2
Acreage 0.440
Investment Type Stabilized
Ground Lease No
Retail | 6.00% CAP | 8,855 SqFt
Marketing description
Introducing the Fitzhugh Retail Center, located at 2325 N Fitzhugh Ave in Dallas, TX. This bustling property features a fully occupied 8,855 SF space with a 100% occupancy rate. Built in 1985, the center boasts a prime location in the vibrant Dallas market within the DFW MSA. Priced at $6,750,000 with a cap rate of 6%, the property generates a net operating income of $404,767. The adjacent 0.15 AC lot is also available for sale separately at $600,000, presenting a unique investment opportunity. With a varied mix of tenants including Knox Dental, Glo Nail Salon, and Stoner's Pizza Joint, the Fitzhugh Retail Center promises steady income and growth potential. Don't miss out on owning a piece of this thriving retail hub in Dallas!
Investment highlights
- 100% Occupied Multi-Tenant Retail Center Located in One of Dallas' Most Vibrant Suburbs
- Core, Urban-Infill Location on Hard Corner of N Fitzhugh Ave & Capitol Ave - Minutes from Major Thoroughfares N Central Exp & Ross Ave
- Long Term NNN Leases in Place with Built in Rental Escalations in Primary Lease Terms
- Complimentary Mix of Service Oriented Retail & Medical Tenants
- High-Density Area with Populations over 415,000 in 5-Mile Radius & 1.5M in 10-Mile Radius
- Average Household Income of $121,000 in 2-Mile Radius - 1.5x the National Average
- 2024 Consumer Spending Over $2.1B in 2-Mile Radius & Over $1.6B Spent on Food/Alcohol in 5-Mile Radius (Source CoStar)
- Walking Distance from Brand New 161,000 SF Mixed-Use Development of Retail, Office, & Restaurant Space on Henderson Ave. Click here for More Info
- Proximity to Downtown, Uptown, Knox/Henderson, Lower Greenville, Lakewood & Deep Ellum
- Surrounding National Retailers Include Kroger, Target, CVS, Walgreens, PetSmart, Ross, OfficeMax, LA Fitness, Bank of America, Jack in the Box, 7-Eleven, F45, Raising Canes, & Many More
Listing Contacts
Listed by STRIVE Commercial Real Estate Advisors, Strive Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$404,767.00
$33,730.58/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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