Golden Triangle Shopping Center

Price: $9,165,500
Sq. Ft.: 66,673
Cap Rate: 9.14%
Built: 1965

Golden Triangle Shopping Center is a 97 percent occupied, 66,673-square-foot, multi-tenant retail center located in a densely populated area of Dallas, Texas. Anchored by Malone’s Cost Plus Supermarket and Family Dollar, tenants are a complementary mix of internet-resistant, service-oriented businesses, including Enterprise Rent-a-Car, Holiday Cleaners, Destiny Missionary Baptist Church, 1st Place Barber, Maricela’s Hair Salon, Metro by T-Mobile, Early Bird Tax Services, Chadeni’s Hamburger Restaurant, Cloey Crayola Studio, Nail Salon, Mighty Smiles Dental, Chase Bank, Coin Laundry, South Polk Pizzeria and many more.  Additional income is provided by long-term leases with AT&T Mobility for a cell tower and Clear Channel Outdoor for a double-sided billboard. Approximately 82 percent of the gross leasable area has triple-net leases. The property consist of five multi-tenant buildings situated on large 7.16-acre parcel with ample paved parking.

The subject property is strategically located on South Polk Street near the signalized intersection with Highway 67 (Marvin D. Love Freeway). Golden Triangle Shopping Center benefits from excellent highway visibility along with multiple ingress and egress points. Cumulative traffic counts exceed 94,392 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Dollar General, LA Insurance, Domino’s Pizza, Dollar General, Boost Mobile, Long John Silver’s, The Salvation Army Family Store & Donation Center, Walmart Supercenter, Dollar Tree, Hibbett Sports, GameStop, IHOP, Wendy’s, and many more. The property is located less than three miles from the Dallas Executive Airport, used for general aviation and a reliver airport for Dallas Love Field. The surrounding area benefits from an extremely dense population of more than 285,147 residents within five miles.

  • 66,673-Square-Foot, Grocery-Anchored, Multi-Tenant Community Retail Center
  • Anchored by Malone’s Cost Plus Supermarket and Family Dollar
  • Upside Potential | 97% Occupied | 82% of the Gross Leasable Area has Triple-Net Leases | Current Average Rents are Below Market
  • Established, Long-Term Tenant Base Consisting of a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Additional Income is Derived from a Long-Term Lease with Clear Channel Outdoor for a Double-Sided Billboard and an AT&T Mobility Cell Tower
  • Building is Situated on 7.16 Acres with a Concrete Parking Lot and Ample Parking
  • Landlord Reports Significant Recent Property Improvements Including New Roofs Installed within the Last Three Years and Remodeling the Corner End Cap Suite from an Outdated Coin Laundry Space to Restaurant Space with a Modern Store Front, Providing an Attractive Entry to the Shopping Center
  • Priced at $137 per Square Foot | Well Below Replacement Cost
  • Strategically Positioned on South Polk Street with Frontage on Highway 67 (Marvin D. Love Freeway) | Easily Accessible from Multiple Ingress and Egress Points
  • High Traffic Counts Exceeding 94,392 Vehicles per Day, Cumulatively
  • Densely Populated Surrounding Area | 285,147 Residents Within a Five-Mile Radius
  • Located in the Dallas-Fort Worth Metroplex | One of the Largest Metro Areas in Texas and 4th Largest in the Country