1704 Orleans StDallas, TX 75226

For Sale
Call for price

15,000 SF Net Lease, High-Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 15,000-square-foot, single-tenant net lease (STNL) cold storage industrial property situated on 1.07 acres in the heart of Dallas, Texas. Located at 1704 Orleans Street, zip code 75226, this property enjoys a prime location at the convergence of I-30 and I-45, within a designated Opportunity Zone. The tenant, Thomas Mushroom & Specialty Produce, a well-established business with multiple locations, has approximately five years remaining on their lease, with a five-year option to renew, featuring 3% annual rent increases in both the primary and option terms. This provides a stable and growing revenue stream of $228,351 in net operating income (NOI). The property benefits from ample outside storage and parking. Its strategic location near Deep Ellum, Fair Park, and the Cedars, within a high-barrier-to-entry infill market, offers significant long-term upside potential for future redevelopment or repositioning, given the surrounding concentration of multi-family, retail, office, and industrial assets. The net lease structure minimizes management responsibilities, making it ideal for passive or 1031 exchange investors. The property's address is 1704 Orleans St, Dallas, TX 75226, with APN 99071015550000000. This rare opportunity combines immediate income with substantial long-term growth potential in a thriving urban core.

Highlights

  • Rare Opportunity Zone investment; 1.07-acre land opportunity.
  • 15,000 SF single-tenant net lease (STNL) cold storage industrial property in Downtown Dallas's infill market.
  • Prime location at I-30 & I-45, near Deep Ellum, Fair Park, and the Cedars.
  • Leased by Thomas Mushroom & Specialty Produce, a long-standing tenant.
  • Thomas Mushroom operates four locations, specializing in specialty produce and national distribution.
  • STNL with ~5 years remaining, plus a 5-year option with 3% annual rent increases; ample outside storage and parking.

Property Details for 1704 Orleans St

Property type
Refrigeration & cold storage, Other industrial properties
Square Feet
15,000 SF
Lot Size (sq. ft)
46,609 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.777913078304
Longitude
-96.779458425223
1704 Orleans St, Dallas, Texas

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1704 Orleans St
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