Crossroads Center

Price: $2,328,000
Sq. Ft.: 13,575
Cap Rate: 7.0%
Built: 1996
Gross
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Crossroads Center is a 100 percent occupied, 13,575-square-foot, multi-tenant neighborhood retail center located within the desirable Valley Ranch master-planned community in Irving, Texas. Currently, 100% of the gross leasable area has gross leases, providing upside potential to a future investor. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Bama Fortune (Liquor Store), Allure Nails, Domino’s Pizza, LA Burger, Baker’s Donut, Crazy Vapor, Hare Cut, and Empress of China restaurant. The center was originally constructed in 1996 and is situated on 1.43 acres with ample paved parking. The subject property has a double-sided pylon sign, providing additional exposure to the center.

The subject property is positioned near the intersection of North MacArthur Boulevard and Valley Ranch Parkway. Traffic counts in front of the property on North MacArthur Boulevard exceed 29,483 vehicles per day. Nearby national and regional retailers include Dollar Tree, Club 4 Fitness, Great Clips, AutoZone Auto Parts, Pizza Hut, The Little Gym, O’Reilly Auto Parts, 7-Eleven, Walgreens, India Bazaar, Discount Tire and many others. Crossroads Center is also in close proximity to the new gated residential development, Legends Crossing, which sits on 36-acres of prime real estate that was one home to the Dallas Cowboys. The property is also in close proximity to the Cypress Waters master-planned development.  The surrounding area benefits from excellent demographics, serving a population of more than 190,899 residents within a five-mile radius. The average household income is $122,380 within one mile; $135,191 within three miles; and $124,813 within five miles.

  • 13,575-Square-Foot, Multi-Tenant Retail Center Located in the Desirable Valley Ranch Master-Planned Community in Irving, Texas
  • 100% Occupied | 100% of the Leases are Gross | Significant Upside Potential in Converting Leases to Triple-Net Leases | Pro Forma Cap Rate is 13.55%
  • Current Average Rents are Below Market
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Priced at $171 per Square Foot
  • Located on North MacArthur Boulevard Near Valley Ranch Parkway | Traffic Counts on MacArthur Boulevard are Approximately 29,483 Vehicles per Day
  • In Close Proximity to Cypress Waters, a 1,000-Acre Master-Planned Development Featuring a 362-Acre Lake, 16 Restaurants, 20 Office Buildings, 87 Corporate Tenants, and 2,337 Multi-Family Housing Units
  • Well Positioned to Serve a Community of More Than 190,899 Residents Within a Five-Mile Radius and a Large Daytime Employment Exceeding 181,686 People
  • Strong Demographics | Average Household Income is $122,380 Within One Mile | $135,191 Within Three Miles | $124,813 Within Five Miles
  • Less than 10 Miles from Dallas/Fort Worth International Airport | Servicing 62.5M Passengers Annually