Prestonwood Court II is an 11,257-square-foot, multi-tenant retail building located in a prime retail trade area of Dallas, Texas. Tenants are a complementary mix of internet-resistant businesses, including Manolo Salons, Texas Hot Tubs, Mariner Finance, EggDaddy, and Hotworx gym. All leases are triple net. Prestonwood Court II is newer 2011 construction and is situated on a 1.053-acre parcel.
The subject property is located in the northeast quadrant of the North Dallas Parkway/Belt Line Road intersection. This highly trafficked location has approximately 304,120 vehicles per day on Dallas North Tollway, 43,400 vehicles per day on Belt Line Road, and 22,000 vehicles per day on Arapaho Road. The surrounding area has a dense retail presence, with numerous national and regional tenants including Walmart, Michaels, Office Depot, Best Buy, DSW, Barnes & Noble, Walgreens, Chick-fil-a, Sonic, Panera Bread, Whole Foods, La Madeleine, Gloria’s Latin Cuisine, 24 Hour Fitness, AMC, Jason’s Deli, Outback Steakhouse, BJ’s, TGI Fridays, and many more. Additionally, the area has excellent demographics with more than 438,800 residents within five miles of the property and an average household income exceeding $105,855 within three miles of the property. The property benefits from its location in one of the main office hubs in the Dallas-Fort Worth metroplex, home to nearly 25,000 businesses with over 307,000 employees within a five-mile radius.
- 11,257-Square-Foot, Multi-Tenant Shopping Center
- 100% Leased | All Current Leases are Triple Net
- Complementary Mix of National and Local Tenants that are Largely Internet -Resistant and Service-Oriented Businesses
- Current Average Rental Rates are Well Below Market
- Prime Location in the Northeast Quadrant of the North Dallas Parkway/Belt Line Road Intersection
- Extremely High Traffic Counts | 304,120 VPD on Dallas North Tollway | 43,400 VPD on Belt Line Road | 22,000 VPD on Arapaho Road
- Dense Retail Trade Area with Numerous National and Regional Tenants such as Walmart, Best Buy, DSW, Barnes & Noble, Michaels, Whole Foods, Petco, Ulta Beauty, CVS Pharmacy, Dollar Tree, and Many More
- Close Proximity to Thousands of Multi-Tenant Housing Units | Many Within Walking Distance of the Subject Property
- Excellent Demographics | 445,573 Residents Within Five Miles | Average Household Income Exceeds $108,800 Within Three Miles
