Imperial Square is a fully stabilized, grocery shadow-anchored, multi-tenant retail center spanning 17,465 square feet. The property is 100 percent occupied with a diverse tenant mix of internet-resistant and service-oriented businesses, all operating under triple-net leases. Tenants include Wash & Dry Coin Laundry, Fresenius Kidney Care, Hannah Nails & Spa, Blessed Blade Barber Shop, Total Wireless, Mi Pueblio Neveria & Fruteria, and Riviera’s Mariscos Y Micheladas, which features a patio for outdoor dining. The building, constructed in 2017, is siutated on a 1.9-acre lot with concrete parking.
The property is strategically located at the signalized intersection of Elam Road and Hickory Tree Road, just west of I-635, one of Dallas’ most heavily trafficked thoroughfares. Imperial Square is shadow-anchored by Kroger, with more than 1.1 million visits annually, and a top performing The Home Depot, ranking in the 96th percentile nationwide based on consumer traffic. Other neighboring retailers include Dollar General, AutoZone, CVS, Grandy’s, and others.
- Fully Stabilized Asset
- The property is 100% occupied by a diverse mix of tenants, all operating under triple-net (NNN) leases, providing a stable and predictable income stream.
- Shadow-Anchored by Kroger and a Top-Ranking The Home Depot
- The property benefits from being in line with Kroger grocery store, driving over 1.1 million visits annually, and shadowed by The Home Depot, the #3 store in the State of Texas and in the 96th percentile nationwide, based on consumer traffic (source: Placer.ai).
- Prime Location with High Traffic
- Located just west of I-635 (141,829 VPD), the property sits at the signalized hard corner of Elam Road and Hickory Tree Road (21,200+ VPD cumulatively).
- Below-Market Rents
- Tenants are paying below market rates, offering investors an opportunity for future rent growth and upside potential.
