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Broadway Creek Shopping Center 6505-6575 Duck Creek Dr 67,636 SF 100% Leased Retail Building Garland, TX 75043 $12,576,517 CAD ($185.94 CAD/SF) 7.40% Cap Rate
Investment Highlights
- Offered substantially below replacement cost at approximately $136/SF
- In-place average rents of approximately $11.81/SF, with nearby retail comparables marketing between $18.00–$20.00/SF (NNN)
- Proximity to Super Walmart, generating over 247,000 monthly visits (Source: Placer.ai)
- Includes an Absolue Net Leased Burger King (2020)
- Strong surrounding demographics supported by established neighborhood services and daily-needs retail
Executive Summary
SVN Trinity Advisors is pleased to exclusively offer Broadway Creek Shopping Center, a 67,636 SF multi-tenant retail center located in Garland, Texas. This value-add retail
investment is 100% leased to a diverse mix of 15 tenants, including Absolute Net Leased Burger King, Dollar General, Planet Fitness, and La Michoacana Meat Market.
The property is positioned along one of the busiest retail corridors in southeast Garland and benefits from excellent visibility and strong traffic generators, including a
nearby Super Walmart and several national retailers. Broadway Boulevard carries approximately 39,000+ vehicles per day and serves dense, established residential
neighborhoods supported by numerous surrounding apartment communities.
The center’s anchor tenants are secured at highly attractive rental rates and generate consistent foot traffic that supports a complementary mix of in-line tenants. With
current rents below market and nearby retail spaces achieving rents of approximately $18/SF to $20/SF (per Costar), the property offers a clear path to rental growth. New
ownership has the opportunity to significantly increase NOI through strategic lease-up and rent increases over the next 3 to 5 years.
This is a proven, timeless retail location well-suited for investors seeking stable cash flow with meaningful upside potential.
investment is 100% leased to a diverse mix of 15 tenants, including Absolute Net Leased Burger King, Dollar General, Planet Fitness, and La Michoacana Meat Market.
The property is positioned along one of the busiest retail corridors in southeast Garland and benefits from excellent visibility and strong traffic generators, including a
nearby Super Walmart and several national retailers. Broadway Boulevard carries approximately 39,000+ vehicles per day and serves dense, established residential
neighborhoods supported by numerous surrounding apartment communities.
The center’s anchor tenants are secured at highly attractive rental rates and generate consistent foot traffic that supports a complementary mix of in-line tenants. With
current rents below market and nearby retail spaces achieving rents of approximately $18/SF to $20/SF (per Costar), the property offers a clear path to rental growth. New
ownership has the opportunity to significantly increase NOI through strategic lease-up and rent increases over the next 3 to 5 years.
This is a proven, timeless retail location well-suited for investors seeking stable cash flow with meaningful upside potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
67,636 SF
Building Class
C
Year Built
1979
Price
$12,576,517 CAD
Price Per SF
$185.94 CAD
Cap Rate
7.40%
NOI
$930,357 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
6.63 AC
Zoning
Z239
Parking
346 Spaces (5.12 Spaces per 1,000 SF Leased)
Frontage
481’ on Duck Creek Dr
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Monument Signage
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 26381600010010000 | Improvements Assessment | $4,719,146 CAD |
| Land Assessment | $2,364,538 CAD | Total Assessment | $7,083,684 CAD |
Property Taxes
Parcel Number
26381600010010000
Land Assessment
$2,364,538 CAD
Improvements Assessment
$4,719,146 CAD
Total Assessment
$7,083,684 CAD
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Broadway Creek Shopping Center | 6505-6575 Duck Creek Dr
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