12755 Midway Road
Dallas, TX
Price:
$3895000
Cap Rate:
4.75%
NOI:
$185,000
Building Size:
Approx. 3548 Sq. Ft.
Lot Size:
Approx. 0.99 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2016
Investment Overview
- 2016 Construction. 3,548+/- SF Building on .99+/- Acre Site
- 20-Yr Corp Ground Lease w/ 10% Rent Bumps Every 5-Yrs
- Located at the intersection of Midway Rd (41,000 VPD) & I-635 (249,000 VPD)
- Outparcel to Walmart & Sam’s Club | Future: Chick-Fil-A, Chipotle, Potbelly
- Market Drivers: Galleria Mall (1,700,000 SF) | Brookhaven College (13,000 Students)
- Rated “Alpha-World City” by – Globalization & World Cities Research Network
- 3-Mile Radius: 2016 Estimated Pop: 123,160 l 3-Mile Average HH Income: $102,468
- 3-Mile Radius: 2016 Estimated: 10,778 Businesses with 132,053 Employees
- Dallas – Fort Worth – Arlington MSA: 4th Largest MSA in the US | Pop: 6,526,548