6400 Belt Line RdIrving, TX 75063

For Sale
$8,500,000

Irving, TX Office Building: 9% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a Class A, 43,000-square-foot corporate headquarters building in Irving, Texas. Located at 6400 N Belt Line Rd, this property boasts a prime location directly across from Dallas Fort Worth International Airport (DFW). Built in 2000, the building sits on a 2.51-acre lot and includes 150 parking spaces. The property is currently 100% occupied under a 15-year absolute triple net lease with a prominent tenant, featuring a 2% annual rent increase. The lease provides four, five-year options. The asking price is $8,500,000, representing a compelling 9.00% capitalization rate and a price per square foot of $197.67. The Net Operating Income (NOI) is $765,000. This sale-leaseback transaction offers a secure, long-term investment with significant upside potential in a thriving Dallas office market. The tenant, established in 1974, is a leading multimedia company specializing in Christian and conservative content. The sale-leaseback proceeds will be used to reduce higher-interest debt and improve the company's financial standing. This is a rare opportunity to acquire a high-quality, well-located asset with a strong tenant and attractive financial metrics.

Highlights

  • Class A, 2000-built headquarters facility.
  • 15-year absolute triple-net lease with 2% annual rent escalations.
  • Prime location directly across from DFW Airport.
  • Strong market fundamentals: Dallas office rents rising 2% annually, average sale price ~$218/SF.
  • Sale-leaseback proceeds to deleverage and strengthen balance sheet.

Property Details for 6400 Belt Line Rd

Property type
Other office properties, Office properties
Square Feet
43,000 SF
Class
A
Year Built
2000
Lot Size (sq. ft)
109,336 SF

Location Insight

City
Irving
County
Dallas
State
Texas
Latitude
32.8960724
Longitude
-96.9899642
6400 Belt Line Rd, Irving, Texas

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6400 Belt Line Rd
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