The Village at Valley Ranch is a multi-tenant retail center located in the densely populated residential area of Irving, Texas. The center consists of two multi-tenant buildings totaling 25,608 square feet of leasable area. The Village at Valley Ranch is currently 96 percent occupied, and all of the current tenants are on gross terms at below market rental rates. Tenants are a complementary mix of internet-resistant and service-oriented businesses including Indian Supermarket, AA Adult Driving School, iFratelli Pizza, Sanctuary Books and Games, Prasuna’s South Indian Kitchen, Dr. Alicia Dwyer, DDS, Dance Academy, Valley Ranch Taekwondo, Biryani Bistro, One Hour Mac Cleaners, Valley Beauty Supply, and Bruno’s Italian Ristorante. The center was originally constructed in 1986 and is situated on 3.15 acres with ample paved parking. The subject property includes a double-sided monument sign, providing additional exposure to the center.
The subject property is located at the signalized, hard corner intersection of North MacArthur Boulevard and Cimarron Trail with multiple ingress and egress points. Cumulative traffic counts exceed 29,876 vehicles per day. Nearby national and regional retailers include India Bazaar, Discount Tire, Starbucks, Raising Cane’s, Kohl’s, Sam’s Club, Patel Brothers, Walmart Supercenter, Whataburger, IHOP, and many others. The surrounding area benefits from excellent demographics, serving a population of more than 184,543 residents within a five-mile radius. The average household income is $118,798 within one mile; $128,525 within three miles; and $125,678 within five miles.
- 25,608-Square-Foot, Multi-Tenant Retail Center Located in the Desirable Valley Ranch Master-Planned Community in Irving, Texas
- 96% Occupied | Current Leases are on Gross Terms | Future Upside Potential in Converting Leases to Triple-Net Leases | Pro Forma Cap Rate is 10.50%
- Current Average Rents are Below Market
- Tenant Base is a Complementary Mix of Internet-Resistant and Service-Oriented Businesses
- Signalized, Hard Corner of MacArthur Boulevard and Cimarron Trail | Easily Accessible from Multiple Ingress and Egress Points
- Cumulative Traffic Counts in Front of the Property Exceed 29,876 Vehicles per Day
- Close Proximity to Cypress Waters Development | A Master-Planned Community Featuring 4.5 Million Square Feet of Commercial and Retail Space, 10,000 Residences, and Three Schools
- Strong Demographics | Average Household Income is $118,798 Within One Mile | $128,525 Within Three Miles | $125,678 Within Five Miles | Population is Approximately 184,543 Residents Within Five Miles
- Irving, Texas is Part of the Mid-Cities region of the Dallas-Fort Worth Metroplex and is an Inner Ring Suburb of Dallas.
- Less than Ten Miles from Dallas/Fort Worth International Airport | Servicing 62.5M Passengers Annually
- Priced at $199 per Square Foot
