The subject property is a 23,942-square foot single-tenant building leased to Staples in Dallas, Texas. The double-net lease has a corporate guaranty from a publicly traded company (NASDAQ: SPLS) with a BBB rating from Standard & Poor' s. The tenant recently executed a five-year option for renewal and has three, five-year options remaining with rent increases scheduled at the beginning of each option period. Constructed in 2000, the building sits on 1.968 acres.
KW Net Lease is pleased to present a New Development Advance Auto Parts property in Dallas, Texas. The subject property is a 6,800 sf concrete block building constructed in 2016 on 0.7 acres. The new 15 yr NNN (landlord responsible for structure only) lease is set to commence in June of 2016, and has an extremely rare 10% rent increase in year 11. Advance Auto Parts holds an S&P credit rating of "BBB-" and is considered investment grade. The subject property is located on Inwood Rd (+/- 36,000 VPD), just west of Cedar Springs Rd. This unique location is positioned well between Downtown Dallas, Love Field Airport and Highland Park (+/- $146,000 Average Household Income). This is a prime location for land appreciation for the coming years.
This is the rare opportunity to acquire a new , fee simple absolute NNN Walmart ground lease at an important intersection in Dallas. The property is well-located as you can see on the map in the demographic section of this package. Walmart is the largest public corporation in the world and has a Standard & Poor' s credit rating of AA which is investment grade. The lease is guaranteed by this entity, and requires zero landlord obligations and calls for 10% increases in rent at each of the ten 5-year renewal options.
Land near two large proposed Bishop Arts mixed use developments. The land size is 7,500 SF and it currently has a 1,250 residential structure on it.
Pre-owned motorcycle dealership near the Dallas Zoo with multiple existing structures including a residence coverted to an office, storage warehouse, and historic filling station. The property includes a yet to be constructed cell tower lease that should produce $1,200 per month. The large lot provides for the addition of additional improvements. See the attached Southern Gateway Project document detailing plans for area improvements, including a Klyde Warren Park concept for I-35.
2,128 SF+/- Retail Building, 1-Story, Free Standing Approximately 0.18 Acres of Land Hard Corner with Stop Light 51' Frontage on Maple Avenue Pylon Signage Prime for Redevelopment Traffic Count of 22,001 ADV (Source: CoStar)
Shopping strip contains a catering kitchen and a saloon. This part of the shopping center is towards the back of the center.
Marcus & Millichap is pleased to present the Mattress Firm in Dallas, Texas.
Large automotive service shop with additional structures and land. The property is comprised of three separately platted lots. See also separate adjacent listing at 200 E Clarendon Drive to make the hard corner of the intersection.