Live Oak Shopping Center is a 23,936-square-foot, multi-tenant retail center located in a densely populated area of Dallas, Texas. The subject property is currently 91 percent occupied and 55 percent of the gross leasable area has triple-net leases, providing significant upside potential in leasing the remaining vacancies. Anchored by Family Dollar, a long-term tenant for 22 years, tenants are a complementary mix of internet-resistant, service-oriented businesses, including Total by Verizon, 2712 Hair Salon, Mipsa Beauty/Bonita Tobacco, Little Caesar’s, Family Dollar, Amigo Cash, and Cliff Check Cashing. Originally constructed in 1946, the building is situated on 0.82 acres with concrete parking. Landlord reports a new roof was installed in 2017.
The subject property is strategically located just north of Interstate 30 on Samuell Boulevard. Live Oak Shopping Center is positioned between two signalized intersections with State Highway 78/Grand Avenue and Winslow Avenue with cumulative traffic counts exceeding 23,445 vehicles per day. National and regional retailers are in the surrounding area, including 7-Eleven, Boost Mobile, Starbucks, Taco Bell, Subway, McDonald’s, and Jack in the Box. Also in close proximity to the subject property is the Cotton Bowl stadium, the historic landmark that serves as the site of the annual Red River Showdown between the University of Texas and the University of Oklahoma. Today, the stadium has a capacity of more than 91,000 seats, making it one of the largest stadiums in the country. Additionally, the area benefits from an extremely dense population of more than 350,800 residents within five miles. The daytime population is more than 267,800 employees within a five-mile radius.
- 23,936-Square-Foot, Multi-Tenant Retail Center | Value Add Opportunity
- Urban Infill Location Just North of Interstate 30 on Samuell Boulevard, Positioned Between Two Signalized Intersections with State Highway 78/Grand Avenue and Winslow Avenue
- 91% Occupied | 55% of the Gross Leasable Area has Triple-Net Leases
- Current Average Rents are Below Market
- Anchored by Family Dollar (NYSE: FDO) | Long-Term Tenant for 22 Years
- Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
- Priced at $174 Per Square Foot | Below Replacement Cost
- Landlord Reports a New Roof was Installed in 2017
- Cumulative Traffic Counts Exceed 23,445 Vehicles Per Day
- Desirable Demographics | Highly Populated Area with More Than 350,800 Residents Within a Five-Mile Radius and an Average Household Income of $104,162
- Location Benefits from High Daytime Employment of 267,800+ People Within a Five-Mile Radius
- Positioned Three Miles from Downtown Dallas and Deep Ellum District | Close Proximity to Music Hall at Fair Park, the Cotton Bowl, and Texas Discovery Gardens
