Grand Prairie Corners

Price: $8,070,000
Sq. Ft.: 12,474
Cap Rate: 6.2%
Built: 2018
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Grand Prairie Corners is a 100 percent occupied, 12,474-square-foot, multi-tenant retail center located in Grand Prairie, Texas. Tenants are a complementary mix of primarily national and regional retailers, including Jason’s Deli, Ideal Dental, Mattress Firm, and Diva Nail Bar. All leases are triple-net. The building is recent (2018) construction featuring an attractive architectural design and is situated on a 1.43-acre parcel with ample concrete parking. A large monument sign is situated near the property entrance.

Shadow-anchored by IKEA, the subject property is located in a dense retail corridor along State Highway 161, just north of the Interstate 20 intersection. The property benefits from high traffic counts exceeding 179,100 vehicles per day on State Highway 161. Numerous national and regional retailers are in the surrounding area, including Bass Pro Shops, Andretti Indoor Karting & Games, Verizon Wireless, 7-Eleven, Hobby Lobby, pOpshelf, Raising Cane’s, Jersey Mike’s, First Watch, HomeGoods, ULTA Beauty, Ross Dress for Less, Michaels, Petco, Bealls, Main Event, Walmart Supercenter, Sprouts Farmers Market, Living Spaces and many more. TopGolf is currently under construction directly west of the property (estimated opening date in late 2025), and will add approximately 300 employees at the location. Also nearby is EpicCentral District, located off State Highway 161 just north of Interstate 20. The 172-acre entertainment district features adventure parks, waterfront dining, special events, live music, inviting playgrounds, scenic paths, greens spaces, hotels, a expansive events and convention center, and a Vegas-style water and light show every night.

  • 12,459-Square-Foot, Multi-Tenant Retail Center Located in a High-Growth Retail Trade Area
  • Shadow-Anchored by IKEA | IKEA Drives Approximately 820,000 Visits Annually (Source: Placer.ai)
  • Fully Stabilized Asset | 100% Occupied | Long-Term Triple-Net Leases
  • Strong Tenant Base | 89% of the GLA Leased to National Retailers
  • Ideal Dental Recently Executed a 10-Year Lease Renewal with Annual Rent Escalations, Exhibiting Continued Commitment to the Location
  • Jason’s Deli End Cap Suite has a Drive-Through Window
  • Building is 2018 Construction | Double-Sided Monument Sign Prominently Displayed at the Property Entrance with Excellent Freeway Visibility
  • New TopGolf Location is Currently Under Construction Directly West of the Property with an Estimated Opening in Late 2025
  • Well Positioned Along the Area’s Major Retail and Traffic Corridor Along State Highway 161, Just North of Interstate 20 | 179,100+  Vehicles per Day on Highway 161
  • Area Traffic Drivers Include IKEA, Bass Pro Shops, Andretti Indoor Karting & Games, Hobby Lobby, HomeGoods, ULTA Beauty, Ross Dress for Less, Michaels, Petco, Bealls, Main Event, Living Spaces, and Many Others
  • Close Proximity to EpicCentral | 172-Acre Entertainment District Featuring Adventure Parks, Waterfront Dining, Special Events, Live Music, and More
  • New Residential Developments within a One-Mile Radius are Adding 2,700+ New Units, Including Arden at Midtown GP (700+ Units), The Sutherland (272 Units), The Duvall (265 Units), and Others
  • Desirable Demographics | Population is Approximately 254,727 Residents within Five Miles | Average Household Income is $90,340 within a One-Mile Radius
  • Grand Prairie is Centrally Located 19 Miles East of Downtown Fort Worth, 18 Miles West of Downtown Dallas, and 15 Minutes from Dallas-Fort Worth International Airport