Preston Royal Southwest

Property Details

Asking Price:
Property Type:
Shopping Center
Lease Type:
Square Footage:
34,381 sqft
Year Built:
Lot Size:
2.98 acres

Preston Royal Southwest

War Room

Confidentiality Agreement

Property Overview

  • Long-Term Leasehold Interest | Preston Royal is subject to a long-term ground lease expiring in August 2060
  • Flat Ground Rent | Ground Rent remains flat for 34 years after 2026 re-appraisal
  • Stabilized Asset | Delivered at 98% occupancy
  • Capital Improvements | $7M invested on a new roof, HVAC, electrical, lighting, façade and exterior design in 2021
The Preston Royal Southwest Retail Center provides an investor the opportunity to purchase the leasehold interest of a legacy infill Dallas asset. This remarkable multi-tenant property is situated in the sought-after and well-established neighborhood of Preston Hollow in Dallas, Texas. Ideally positioned at the intersection of Preston Road and Royal Lane, it resides within an immediate trade area boasting an average household income exceeding $502,799 and an overall trade area exceeding $164,907.

Extensively renovated in 2021, Preston Royal Southwest benefits from its location in one of Dallas’ premier retail intersections boasting high household income and high traffic counts. This presents a rare chance for investors to acquire a high-quality retail property that generates consistent income in a thriving submarket of Dallas