Jenah Plaza II

Price: $5,233,300
Sq. Ft.: 11,430
Cap Rate: 6.0%
Built: 2012

Jenah Plaza II is a 100 percent occupied, 11,430-square-foot, multi-tenant retail center located in Irving, Texas. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Envision Imaging, Studio Salons, and Inchin’s Bamboo Garden. Envision Imaging recently executed a 10-year lease extension.  All leases are triple-net and include scheduled rent escalations. Constructed in 2012, the building is situated on 1.11-acre lot with concrete parking.

  • 11,430-Square-Foot, Multi-Tenant Retail Center Located in the Highly Desirable Irving, Texas Submarket of Las Colinas
  • Fully Stabilized Asset | 100% Occupied | Long-Term, Triple-Net Leases | All Leases Include Scheduled Rent Escalations
  • 52% of the Gross Leasable Area is Medical (Envision Imaging) | Tenant Recently Exercised a 10-Year Lease Extension
  • Current Average Rents are Below Market
  • Constructed in 2012 on 1.11 Acres with Ample Parking on a Concrete Lot
  • Prime Location with Close Proximity and Easy Access to President George Bush Turnpike (PGBT), Texas State Highway 114, and Interstate 635 | All Major North Texas Thoroughfares with Extremely High Traffic Counts | 136,672 VPD on PGBT; 228,560 VPD on 114; and 262,828 VPD on I-635
  • Near Numerous National and Regional Retailers Including Kroger, Home Goods, Target, Total Wine & More, Whole Foods Market, and Many Others
  • Strong Demographics | Highly Affluent Area with an Average Household Income of Approximately $110,775 within One Mile | Population is 210,509 Residents within a Five-Mile Radius
  • Neighboring Hotels and Office Campuses Drive Additional Traffic to the Area
  • Daytime Employment Exceeds 216,200 People within Five Miles | More than 30 Fortune 500 Companies in the Immediate Area | Home to Over 2,000 Companies | Headquarter Locations for ExxonMobil, Fluor Corporation, Kimberly-Clark, Mission Foods, and La Quinta Inns and Suites
  • Less than Seven Miles from Dallas/Fort Worth International Airport | Servicing 62.5M Passengers Annually