Mattison Avenue-Anchored Retail Center
Retail | 6.75% CAP | 25,136 SqFt
Marketing description
Mattison Avenue-Anchored Retail Center is a 25,136-square-foot, multi-tenant retail center located at 2100 Alamo Road in Richardson, Texas. Originally constructed in 1976 and held in fee-simple ownership, the property is 100% occupied and anchored by Mattison Avenue Salon (8,000 SF), complemented by a diverse tenant roster including Uptown Cheapskate (8,110 SF), Aden Café, Ali Barbershop, and Herculean Supplements. The center is fully leased to a mix of salon, fitness, food, and service-oriented tenants operating under triple-net (NNN) lease structures, whereby tenants reimburse their proportionate share of operating expenses, resulting in a stable and expense-insulated income stream. The parcel is currently being replatted, with final lot configuration to be determined upon completion, providing potential long-term flexibility and repositioning optionality.
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.
- SIGNIFICANT MARK-TO-MARKET RENT UPSIDE - Current retail rents remain below today's market, providing investors the opportunity to increase NOI through future lease renewals while benefiting from contractual annual rent escalations in the existing leases.
- 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.
- 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 portfoliowide 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, Chickfil-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 longterm occupancy, rental growth, and asset appreciation.
- 100% LEASED WITH TWO 8,000+ SF ANCHOR TENANTS - Mattison Avenue Salon and Uptown Cheapskate collectively occupy more than 64% of the center, providing durable cash flow through long-term triple-net leases. The remaining tenant mix creates diversified income across complementary retail and service uses.
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