Property Overview
- Ease of ownership - This asset offers ownership an opportunity for minimal landlord responsibility as the tenant is responsible for all NNN's along with maintenance of the interior premises
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- Strong West Dallas Real Estate - Well located within the West Dallas submarket, the property boasts a population density of over 141,000 within 3 miles and is in close proximity to the highly desired community of Kessler Park
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- Opportunistic Zoning - With favorable zoning allowance, MU3 zoning ordinance allows for a number of potential future uses and development opportunities ranging from retail, office, multi-family, and lodging
A unique offering in the ever-evolving West Dallas corridor, 600 Ft. Worth Ave is a recently renovated retail/entertainment building with a strong local tenant who has not only survived, but thrived during the COVID era. With healthy rental increases and a willingness to negotiate an early renewal for an additional 5-years on top of the remaining term, this offering provides an investor a long runway for market-level rental income.
With MU3 zoning in place, this creates long term opportunities for an investor to potentially redevelop or repurpose of the existing structure for an increased rental base.