Forest Jupiter Plaza | 3229-3249 Forest Ln
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Forest Jupiter Plaza 3229-3249 Forest Ln
9,640 SF 100% Leased Retail Building Garland, TX 75042 $2,578,000 ($267/SF) 7% Cap Rate
Investment Highlights
- 100% Occupancy | Stable tenants
- High traffic exposure | Boasting a daily traffic count of 31,315 vehicles
- Just 2.6 miles from the newly rejuvenated downtown Garland
- NNN Leases
- Excellent Connectivity | Provides easy access to major highways such as I635 and US 75
- The area thrives with ongoing economic activity, attracting businesses due to its strategic location and high traffic
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,640 SF
Building Class
C
Year Built
1972
Price
$2,578,000
Price Per SF
$267
Cap Rate
7%
NOI
$180,436
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Land Acres
0.82 AC
Zoning
C3, Garland
Parking
25 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 26629500010010700 | Improvements Assessment | $666,470 |
| Land Assessment | $142,360 | Total Assessment | $808,830 |
PROPERTY TAXES
Parcel Number
26629500010010700
Land Assessment
$142,360
Improvements Assessment
$666,470
Total Assessment
$808,830
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Jake Jeong - Texas Legacy Realty
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Forest Jupiter Plaza | 3229-3249 Forest Ln
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