Wallis Bank & Mediterranean Grill
Retail | 6.00% CAP | 4,800 SqFt
Marketing description
Wallis Bank & Mediterranean Grill is a 4,800-square-foot, two-tenant retail center situated on a 0.44-acre parcel in the thriving suburb of Richardson, Texas. Originally constructed in 1979, the physical asset currently maintains 100 percent occupancy, featuring two fully leased suites occupied by Wallis Bank, a well-established regional financial institution, and Mediterranean Grill, a newly committed restaurant tenant under a five-year lease. The asset is one of five contiguous offerings comprising the Campbell Way Center Portfolio. Investors have the flexibility to purchase this property independently or assemble multiple adjacent parcels to create a larger institutional-quality retail investment. The property benefits from outstanding freeway exposure, multiple points of ingress and egress, and enhanced visibility through four prominent pylon signs fronting North Central Expressway, creating exceptional visibility and long-term merchandising value across the Campbell Way Center Portfolio.
Campbell Way Center is strategically positioned along North Central Expressway (US-75) at Campbell Road in Richardson, one of the Dallas-Fort Worth metroplex's premier retail and employment corridors. The portfolio is located within Richardson's nationally recognized Telecom Corridor, home to more than 25 million square feet of office space, approximately 130,000 employees, and thousands of technology, healthcare, financial services, telecommunications, and defense companies. Major employers including State Farm, Blue Cross Blue Shield of Texas, Texas Instruments, Raytheon, Cisco, RealPage, Lennox, GEICO, and AT&T generate one of the strongest daytime employment populations in North Texas, providing consistent demand for restaurants, service retailers, and neighborhood retail. The property also benefits from immediate access to US-75, President George Bush Turnpike, and I-635, providing outstanding regional connectivity throughout the Dallas-Fort Worth metroplex.
Investment highlights
INSTITUTIONAL-QUALITY PORTFOLIO OPTIONALITY
One of five contiguous retail assets within the Campbell Way Center Portfolio. Investors may acquire this property individually or assemble multiple assets to create a larger institutional-quality investment in one of Richardson's premier retail corridors.
PREMIER TELECOM CORRIDOR LOCATION
Located within Richardson's nationally recognized Telecom Corridor, home to more than 25 million square feet of office space, approximately 130,000 employees, and many of North Texas' largest technology, healthcare, financial, and defense employers.
BANK-ANCHORED CORNER LOCATION
Prominent corner building anchored by Wallis Bank and complemented by Mediterranean Grill. Fully leased on triple-net leases, providing stable cash flow and minimal landlord expense exposure.
EXCEPTIONAL FREEWAY VISIBILITY & ACCESS
Prominent frontage along North Central Expressway (US-75) with exposure to more than 237,000 vehicles per day, multiple points of ingress and egress, and portfolio-wide visibility enhanced by four pylon signs fronting the freeway.
SURROUNDED BY DESTINATION RETAIL & MULTIFAMILY
Walking distance to Canyon Creek Shopping Center and Richardson Plaza, featuring La La Land Coffee, CAVA, Torchy's Tacos, Chick-fil-A, First Watch, Velvet Taco, Snappy Salads and numerous other high-performing restaurants, while also benefiting from nearby luxury apartment communities that continue to expand the area's customer base.
IRREPLACEABLE INFILL REAL ESTATE
Located within one of DFW's most established retail corridors where limited available land, mature surrounding development, and strong barriers to entry support long-term occupancy, rental growth, and asset appreciation.
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