1917 Greenville AveDallas, TX 75206

For Sale
$2,575,000

Dallas Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 5,136 square foot retail shopping center, located at 1917 Greenville Ave in Dallas, Texas, presents a compelling investment opportunity. Built in 1929 and situated on a 0.12-acre lot, this multi-tenant property boasts 100% occupancy with three tenants, offering a stable income stream. The property features a Net Operating Income (NOI) of $167,395 and a 6.50% capitalization rate, making it an attractive addition to any portfolio. The current tenants, including a yoga studio, a sugaring salon, and a boba tea shop, have an average of 5.7 years remaining on their leases, with built-in annual rent increases. This prime location in the vibrant Lower Greenville neighborhood, known for its thriving restaurant and nightlife scene, offers high barriers to entry and significant long-term growth potential. The property is offered at an asking price of $2,575,000 and is leased under a NNN (Triple Net) structure. This is a rare chance to acquire a piece of Dallas's rich history and dynamic retail landscape. The property's strong tenant mix and established location ensure a consistent and growing return on investment.

Highlights

  • Highly desirable Lower Greenville location with strong barriers to entry.
  • Iconic Lower Greenville Avenue address.
  • 100% occupied with new leases in place, providing immediate cash flow.
  • Built-in potential for future rental income growth.

Property Details for 1917 Greenville Ave

Property type
Lifestyle centers, Power centers
Year Built
1929
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.814069445616
Longitude
-96.770215383102
1917 Greenville Ave, Dallas, Texas

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1917 Greenville Ave
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