3002 Firewheel PkwyGarland, TX 75040

For Sale
Call for price

102,248 SF, Absolute NNN Lease, 12.7 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple interest in a 102,248-square-foot single-tenant retail property located at 3002 Firewheel Pkwy, Garland, TX 75040. The property is a freestanding building constructed in 2018, situated on a 10.8-acre lot. It's currently 100% occupied by At Home, a national home décor retailer, under an absolute NNN lease with a corporate guarantee. The lease commenced August 1, 2022, and has a remaining term of 12.7 years, expiring July 31, 2037, with four 5-year renewal options. Rent increases annually at 2%. The property benefits from a prime location directly off President George Bush Turnpike, boasting 73,036 vehicles per day, and is across the street from Firewheel Town Center, attracting over 6 million annual visitors. Strong demographics support the investment, including over 1,000 apartment units delivered within a 1-mile radius since 2021 and a 20% population growth within a 3-mile radius since 2010. The average household income within a 3-mile radius is $126,000. This offering provides long-term passive income with no landlord responsibilities, making it an attractive investment for discerning buyers. The property offers significant upside potential due to its location and strong tenant.

Highlights

  • High-traffic location across from Firewheel Town Center, drawing over 6 million annual visitors.
  • Excellent visibility on President George Bush Tpke, boasting 73,036 vehicles per day.
  • Strong residential growth with over 1,000 new apartment units within 1 mile since 2021.
  • Significant population increase, showing 20% growth within a 3-mile radius since 2010.
  • Desirable demographics featuring a $126,000 average household income within a 3-mile radius.
  • Secure, passive income with an Absolute NNN lease, featuring annual rent increases and no landlord responsibilities.

Property Details for 3002 Firewheel Pkwy

Property type
Other retail properties, Individual retail properties
Square Feet
102,248 SF
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
470,448 SF

Location Insight

City
Garland
County
Dallas
State
Texas
Latitude
32.9454674
Longitude
-96.6075626
3002 Firewheel Pkwy, Garland, Texas

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3002 Firewheel Pkwy
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