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34551477
34551478

10045 North MacArthur Boulevard, Irving, TX 75063 For Sale

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$9,225,680
3 days on market
Updated 1 day ago

Crossroads at Valley Ranch

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 12,930
Net Rentable (SqFt) 12,930
Units 8
Cap Rate 6.25%
NOI $576,605
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $714
Year Built 1996
Acreage 1.430
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Retail | 6.25% CAP | 12,930 SqFt

Marketing description

Crossroads at Valley Ranch is a 100 percent occupied neighborhood retail center located within the highly desirable Valley Ranch trade area of Irving, Texas. The property consists of approximately 12,930 square feet situated on a 1.43-acre parcel and is leased to a diverse mix of food-service, financial services, personal care, and specialty retail tenants that generate recurring customer traffic and provide essential services to the surrounding residential and employment base.

The asset has benefited from substantial leasing and operational improvements, including four new leases, three renewals, multiple lease conversions from gross to triple-net structures, and meaningful increases in rental rates. Combined with recent capital improvements and a highly infill location with significant barriers to entry, the property offers investors stable in-place cash flow, strong tenant retention, and long-term exposure to the Valley Ranch, Cypress Waters, and Las Colinas corridor, one of the most dynamic growth and employment centers in North Texas.

Investment highlights

  • 100% LEASED, STABILIZED ASSET - The property is a fully stabilized, 100% leased neighborhood retail center with all leases structured on NNN terms, providing durable cash flow and limited landlord responsibilities.
  • RECENT LEASING MOMENTUM & NNN CONVERSIONS - Ownership has executed four new leases and three renewals within the last 16 months, while converting several tenants from gross to NNN structures and improving rental rates, creating a more durable and efficient income stream with limited near-term leasing risk.
  • INFILL LOCATION WITH SIGNIFICANT BARRIERS TO ENTRY - Located in the heart of Valley Ranch, one of DFW's most established and supply-constrained trade areas. Limited available land and mature surrounding development create significant barriers to future competing retail construction.
  • HIGH-INCOME, MAJORITY-ASIAN TRADE AREA - Within one mile of the property, more than 51% of residents identify as Asian and average household income exceeds $138,000, supporting strong demand for specialty food, restaurant, and service-oriented retail concepts.
  • DAILY-NEEDS & EXPERIENCE-BASED TENANCY - The center is leased to a complementary mix of food service, financial services, personal care, and neighborhood retail tenants that generate recurring customer visits and are less susceptible to e-commerce disruption.
  • LANDLORD HAS INVESTED IN PROPERTY IMPROVEMENTS - Recent property upgrades include exterior painting, installation of decorative lighting, landscaping/hardscaping, and a new grease trap.
  • HIGH-TRAFFIC NORTH MACARTHUR BLVD FRONTAGE - The site benefits from strong visibility and approximately 31,000 vehicles per day on North MacArthur Boulevard. The asset also has excellent connectivity to major regional highways.
  • PROXIMITY TO CYPRESS WATERS MEGA-DEVELOPMENT - Cypress Waters is a $3.5B, 1,000-acre mixed-use development within five miles, featuring 4.5M SF of office and retail, 10,000 residences, and 87 corporate tenants including 7-Eleven and Nokia, supporting a daytime workforce of 181,000+.
  • PROXIMITY TO DFW INTERNATIONAL AIRPORT - Located approximately 10 minutes from DFW International Airport, one of the largest employment and transportation hubs in the United States. In 2025, DFW hosted over 85.7 million passengers.

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$576,605.00
$48,050.42/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Philip Levy
License
TX 522087
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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