5205 N Garland Ave
20,925 SF Retail Building Garland, TX 75040 $4,500,000 ($215/SF) 7.65% Cap Rate
EXECUTIVE SUMMARY
Prime investment opportunity, with long term credit Tenant. Office Depot just signed a 5 year renewal in March of 2024.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
20,925 SF
Building Class
B
Year Built
2005
Price
$4,500,000
Price Per SF
$215
Cap Rate
7.65%
NOI
$344,216
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.13
Lot Size
3.81 AC
Zoning
PD
Parking
150 Spaces (7.17 Spaces per 1,000 SF Leased)
Frontage
133 FT on Garland Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 263918000101R0000 | Improvements Assessment | $2,419,500 |
| Land Assessment | $1,660,500 | Total Assessment | $4,080,000 |
