2722 Fitzhugh AveDallas, TX 75204

For Sale
$8,311,000

Luxury Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A, 13,790 square foot shopping center in Dallas, Texas, presents a compelling investment opportunity. Boasting a 6.25% cap rate and a strong NOI of $519,431, this multi-tenant property is fully occupied by a diverse mix of high-performing businesses including LDU, Larc Salon, f45, Joe Leo, and Yoga Six. Built in 2017, the property features 137 parking spaces and sits on a 0.693-acre lot at 2722 N Fitzhugh Ave, Dallas, TX 75204, a prime location in the heart of Dallas, benefiting from high traffic counts exceeding 245,000 vehicles daily. The property is strategically positioned near thriving retail districts, including Knox District and Henderson Avenue, and is surrounded by a dense population with high average household incomes exceeding $140,000 within a one-mile radius. The property's lease type is NNN, and it includes rent bumps. This core investment offers a compelling combination of strong financial performance, exceptional location, and a diverse tenant base, making it an ideal addition to any portfolio. The property's 5-year CAGR is 2.24, and its WALT is 6.19, indicating a stable and accretive investment. This is a for-sale-by-owner opportunity.

Highlights

  • High density mixed-use development.
  • Excellent location with strong retail and traffic generators.
  • High-growth submarket with a mix of retail, office, and residential uses.
  • Below-market rental rates.

Property Details for 2722 Fitzhugh Ave

Property type
Lifestyle centers, Power centers
Square Feet
13,790 SF
Class
A
Year Built
2017
Lot Size (sq. ft)
30,187 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.814931775493
Longitude
-96.785372532411
2722 Fitzhugh Ave, Dallas, Texas

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2722 Fitzhugh Ave
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