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2-Tenant Strip - DFW MSA 19121 Lyndon B Johnson Fwy 5,942 SF 100% Leased Retail Building Mesquite, TX 75150 $3,589,493 CAD ($604.09 CAD/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Anchored by Investment Grade Tenant (S&P: A) | New Concept backed by Global Beauty Leader |
- Interstate 365 (170,400 VPD) | Highway 80 (84,800 VPD) | Centralized Location | Multiple Nearby Apartment Complexes
- Strong Demographics in 5-Mile Trade Area | Dallas MSA
- NNN Leases in Nature | Walt - 3.8 Years | 10% Increases in Options Located Within a Tax Free State | 2 (5-Year) Option
- The Marketplace at Towne Center (431,000 SF) | Dense Retail Corridor | Strong National/ Credit Tenants
EXECUTIVE SUMMARY
• America’s Best Contacts & Eyeglasses lease is signed by National Vision, Inc., an investment-grade tenant (S&P: A) with a market cap exceeding
$1.89B
• America’s Best Contacts & Eyeglasses, operated by National Vision, Inc., is an established national retailer with over 1,000 locations
• Happy Beauty Co. lease is signed by Sally Beauty Supply, LLC, a wholly owned subsidiary of Sally Beauty Holdings (NYSE: SBH), which has an approximately $1.29 billion market cap
• Happy Beauty represents a new and growing retail brand designed to deliver quality beauty products at value price points, supported by the financial strength and industry expertise of its $3.7B parent company
• This Happy Beauty Co. site is ranked number 1 out of all of their locations nationwide, per Placer.ai
$1.89B
• America’s Best Contacts & Eyeglasses, operated by National Vision, Inc., is an established national retailer with over 1,000 locations
• Happy Beauty Co. lease is signed by Sally Beauty Supply, LLC, a wholly owned subsidiary of Sally Beauty Holdings (NYSE: SBH), which has an approximately $1.29 billion market cap
• Happy Beauty represents a new and growing retail brand designed to deliver quality beauty products at value price points, supported by the financial strength and industry expertise of its $3.7B parent company
• This Happy Beauty Co. site is ranked number 1 out of all of their locations nationwide, per Placer.ai
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,942 SF
Building Class
B
Year Built
2016
Price
$3,589,493 CAD
Price Per SF
$604.09 CAD
Cap Rate
6.70%
NOI
$240,504 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.97 AC
Zoning
C - Commercial
Parking
79 Spaces (13.3 Spaces per 1,000 SF Leased)
Frontage
115’ on Lyndon B Johnson Fwy
AMENITIES
- Freeway Visibility
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $13,274,678 CAD | |
| Land Assessment | $7,445,957 CAD | Total Assessment | $20,720,636 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,445,957 CAD
Improvements Assessment
$13,274,678 CAD
Total Assessment
$20,720,636 CAD
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2-Tenant Strip - DFW MSA | 19121 Lyndon B Johnson Fwy
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