610 E Jefferson Blvd, Dallas, TX 75203

The Jefferson & Marsalis Retail Center is a fully occupied, three-tenant retail strip center located at a hard-corner location in the rapidly revitalizing Oak Cliff neighborhood of Dallas, Texas. Built in 2011, the property features approximately 8,250 square feet of retail space on 0.71 acres with a dedicated parking field, which is rare for this trade area. The center is strategically positioned just one block north of the new I-35 Halperin Deck Park and adjacent to the Dallas Zoo, which brings in over 1 million visitors annually.

The property benefits from an infill location with easy access to I-35E, which carries over 202,000 vehicles per day. The trade area is experiencing significant revitalization with several developments and redevelopments planned and underway. The center serves a strong demographic base with more than 166,000 people within a three-mile radius and average household incomes in excess of $108,000. There is a combined total of over 2,500 students within .25 miles of the site.

The property is 100% occupied under NNN leases with three quality tenants: Dental Republic, Taqueria Tiquicheo Cocina Mexicana, and TitleMax. The investment offers a 6.50% cap rate with a stabilized net operating income of $264,162.