3538-3542 Airport FwyIrving, TX 75062

For Sale
$3,925,000

Dollar Tree/Ollie's, High NOI, 7.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail investment opportunity presents a fee simple interest in a 35,439 square foot storefront property located at 3538-3542 W. Airport Freeway, Irving, Texas 75062. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $284,541. Anchored by Dollar Tree and Ollie's, both operating under 10-year NNN leases with rent bumps, this multi-tenant property offers passive management and significant upside potential. Built in 1994, the property sits on a 1.63-acre lot with 82 parking spaces and is zoned S-P-1 Site Plan (Detailed). Its strategic location within Irving Square, anchored by Lowe's and across from a 1 million square foot Irving Mall, provides excellent visibility and access to a dense population. The property benefits from proximity to major national credit tenants and enjoys direct access to State Highway 183, experiencing a high volume of 194,400 vehicles per day. This is a rare opportunity to acquire a well-positioned, income-producing retail asset with publicly traded corporate tenants. The asking price is $3,925,000, translating to $110.75 per square foot. The property's APN is 322284600A0020000.

Highlights

  • Investment-grade, publicly traded corporate tenants with brand new leases demonstrating strong commitment to the site; Ollie's currently operating.
  • Triple-net (NNN) leases offering passive management and fee simple ownership.
  • Excellent location within the Irving Square shopping center anchored by Lowe's, across from a 1 million square foot Irving Mall, and near other national credit tenants.
  • High visibility with direct access to State Highway 183 (194,400 vehicles per day) and a 5-minute drive to Dallas/Fort Worth International Airport (DFW).

Property Details for 3538-3542 Airport Fwy

Property type
Other retail properties, Individual retail properties
Square Feet
35,439 SF
Year Built
1994
Lot Size (sq. ft)
71,003 SF

Location Insight

City
Irving
County
Dallas
State
Texas
Latitude
32.8347311
Longitude
-96.9972248
3538-3542 Airport Fwy, Irving, Texas

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3538-3542 Airport Fwy
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