The subject property is a 22,054-square-foot, two-tenant retail center leased to EZ Pawn and Family Dollar located in Dallas, Texas. A one acre parcel is also available for purchase along with the subject property for an additional $500,000. Both EZ Pawn and Family Dollar are long-term leases with scheduled rent increases during the primary term. The leases also include two five-year options for renewal with scheduled rent escalations at the beginning of each option period. Upside potential available to investor to convert the pad site adjacent to EZ Pawn to a single-tenant user. The building was constructed in 1971, renovated in 2000, and is situated on a 2.75-acre parcel with ample paved parking. Recent improvements reported by seller include a new roof installed in 2022 with a transferrable roof warranty.
- 22,054-square-foot, Two-Tenant Retail Center | Both National Credit Tenants | Publicly Traded Companies (EZPW: NASDAQ and FDO: NYSE)
- 1 Acre Pad Site For Sale Along with Subject Property for an Additional $500,000
- EZ Pawn Occupies 55% of the Gross Leasable Area | NNN Lease | Current Term has Nine Years Remaining with a Scheduled Rent Increase
- Family Dollar Occupies 45% of the Gross Leasable Area | Six Years Remaining with a Scheduled Rent Increase | Top Performing Family Dollar Store | This Location Ranks in the 89% Percentile for the State of Texas Compared to Other Family Dollar Stores (source: Placer Labs Inc.)
- Offering Includes an Approximate One-Acre Pad Site for Potential Development Adjacent to EZ Pawn
- Building is Situated on 2.75 Acres with a Concrete Parking Lot
- Recent Property Improvements Reported by Seller Include a New Roof Installed in 2022 with Transferrable Warranty
- Located at the Signalized, Hard Corner of Royal Lane and Audelia Road
- 690+ Apartment Units within Walking Distance to the Property
- Cumulative Traffic Counts are 36,583 Vehicles per Day | Easily Accessible from Multiple Ingress and Egress Points
- Less than One Mile West of Interstate 635 | High Traffic Counts of 164,918 Vehicles per Day
- Extremely Dense Surrounding Area | Population Exceeds 405,350 Residents within a Five-Mile Radius
