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INVESTMENT HIGHLIGHTS
- Located on FM 407 in Northlake 1 mile from I35
- The last building available in this center, home to the Town of Northlake municipal office and Police.
- Fully Leased to 4 tenants will 7 - 10 year commitments, full NNN leases
- Great Investment! 1031 Exchange Welcome
EXECUTIVE SUMMARY
New Construction, fully leased retail / restaurant tenants in fast-growing Northlake, TX. The center is home to the Town of Northlake Municipal offices and Police Dept.
Located on FM 407, this building is in the middle of the center in front of the open town square where activities are planned.
Four tenants have full NNN leases ranging from 7 to 10 year terms.
A Great Investment; 1031 Exchange welcome! Call today.
Located on FM 407, this building is in the middle of the center in front of the open town square where activities are planned.
Four tenants have full NNN leases ranging from 7 to 10 year terms.
A Great Investment; 1031 Exchange welcome! Call today.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,221 SF
Building Class
B
Year Built
2024
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
10.90 AC
Zoning
F1
Parking
53 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
155’ on Farm to Market Road 407
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R969281 | Improvements Assessment | $4,804,778 CAD |
| Land Assessment | $1,367,554 CAD | Total Assessment | $6,172,333 CAD |
PROPERTY TAXES
Parcel Number
R969281
Land Assessment
$1,367,554 CAD
Improvements Assessment
$4,804,778 CAD
Total Assessment
$6,172,333 CAD
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Northlake Commons | 1242 FM 407 W
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