Keller Springs Village is a 39,618-square-foot, multi-tenant neighborhood retail center that is well positioned in a densely populated area of Carrollton, Texas. The center is 100 percent leased with triple-net leases, and the majority of leases include annual rent increases. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including ABC Smoke, The Green Room, Noah’s Ark Pet Hospital, Focus on Fitness, Advanced Family Dentistry, El Rumbero Restaurant, Bismillah India, Cyan Day Spa & Massage, Wahlum Dallas Martial Arts, Mickey’s Town Daycare, Language Works, Pick N Fun, 2155 Dance, Hair Dimensions, Pizzarella, and Flexy Fitness. Constructed in 1984, the building is situated on 3.22 acres with a concrete parking lot. The parking lot was recently restriped in September 2024.
Positioned at the signalized intersection of Marsh Lane and Keller Springs Road, the subject property is easily accessible from multiple ingress and egress points, and benefits from high traffic counts of approximately 59,779 vehicles per day. Keller Springs Village is in close proximity to Addison Airport, a public airport in Addison, Texas providing charter services from various companies, as well as a training hub with primary to advanced flight courses. Keller Springs Village is approximately four miles west to a dense retail trade area along Dallas North Tollway and Belt Line Road. The property benefits from strong demographics in the surrounding area with a population exceeding 358,960 residents within a five-mile radius. The average household income within a one-mile radius is $97,683; $92,660 within a three-mile radius; and $105,716 within a five-mile radius.
- 39,618-Square-Foot, Multi-Tenant Neighborhood Retail Center
- 100% Occupied | All Current Leases are NNN
- Tenants are a Diverse Mix of Largely Internet-Resistant, Service-Oriented Businesses
- Current Average Rents are Significantly Below Market | Future Upside Potential
- Majority of the Leases Include Scheduled Rent Increases, Providing Year-Over-Year Income Growth
- Seller Reports Recent Property Improvements Include Parking Lot Restriping (September 2024) | New Roof was Installed in 2014 with a 20-Year Warranty
- Strategically Located at the Signalized Intersection of Marsh Lane and Keller Springs Road | Easily Accessible from Multiple Ingress and Egress Points
- Cumulative Traffic Counts Exceed 59,779 Vehicles Per Day
- Close Proximity to Multi-Family Apartment Complexes, Such as Keller Oaks Apartments (220 Units), Ashford (264 Units), and Brookbend (238 Units) Provides Increased Traffic
- Surrounding Area has Desirable Demographics | Approximately 358,960 Residents within a Five-Mile Radius | Average Household Income is $97,683 within One Mile; $92,683 within Three Miles; and $105,716 within Five Miles
- Daytime Employment Exceeds 263,258 People within a Five-Mile Radius
- Less than 1.5 Miles West of Addison Airport, a General Aviation Airport Home to over 120,000 Annual Operations
