417 E Camp Wisdom Rd
Duncanville, TX
Price:
$3,800,000
Cap Rate:
7.15%
NOI:
$271,816
Building Size:
Approx. 19,188 Sq. Ft.
Lot Size:
Approx. 2.03 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Retailer
Year Built:
1982
Investment Overview
- 1982 Construction. ±19,188 SF Retail Center Situated on a ±2.03 Acre Site
- Below-Market Rents ($15.70 Avg Vs. $25.93) Create Mark-To-Market Upside
- Near-Term Upside: Upgrade 3 Tenants + Lease 1,890 SF → >200 Bps Gain
- Strong Retention: 94% ≥5 Yrs; 54% ≥10 Yrs; 10% ≥21 Yrs
- Small Suite Sizes (1,370 SF Avg) Drive High Leasing Liquidity
- Staggered Expirations Enable Controlled Rent Growth With Reduced Risk
- Duncanville, TX | Thriving Suburban Community 11 Miles Southwest of Downtown Dallas | Population: 39,203; MSA Population: 8.3M+