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First Place 580 S Denton Tap Rd
32,709 SF 98% Leased Retail Building Coppell, TX 75019 $7,299,000 ($223/SF) 7.58% Cap Rate
Investment Highlights
- Heavy Daytime Traffic
- Ease of access (3 stairwells + Elevator)
- Diverse Tenant Mix
- Strong Visibility
Executive Summary
Key Features:
Stability and Occupancy: Boasting a solid 100% occupancy, First Place Business Center is home to a diverse range of tenants, with a predominant focus on medical and educational businesses. This strategic composition, known for its stability, includes the anchor tenant, Texas Health Resources, in occupancy since 2009, constituting 29.5% of the building's Gross Leasable Area (GLA). The center's stability is further reinforced by a history of high tenant retention.
Strategic Location: Enjoy excellent visibility along S. Denton Tap Rd, a major thoroughfare connecting to N. Denton Tap and S. Belt Line. The property bridges the gap between major throughfares I-635 & Sam Rayburn Tollway, enhancing accessibility and exposure.
Financial Performance: With strong and consistent lease commitments, including robust yearly increases, this plaza provides a secure and reliable income stream. Investors can capitalize on the stability of long-term tenants and a track record of high retention.
Roof Replacement (2019): The entire roof was meticulously replaced in 2019, ensuring structural integrity and minimizing future maintenance costs.
Thriving Business Community: Positioned within the thriving business community of Coppell, the property leverages the city's economic growth and potential for sustained development.
Seize this opportunity to invest in a property that combines stability, strategic location, and a tenant mix proven for reliability. First Place Business Center stands as a prime choice for investors seeking a secure and dynamic asset in the flourishing market of Coppell, TX.
Data Room Click Here to Access
Property Facts
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Texas Health Resources is a faith-based, nonprofit health system that cares for more patients in North Texas than any other provider. They serve North Texas through Texas Health Physicians Group, hospitals, outpatient facilities, Neighborhood Care & Wellness Centers, home health and preventive and fitness services. With more than 1,000 providers and other medical professionals in over 300 locations, their highly skilled team covers the full range of health needs you may face. From primary care medicine to OB/GYN, cardiology and hospice care, they are dedicated to serving you and your family throughout a lifetime of changing medical needs.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Space was previously occupied by a special pharmacist. Space includes a reception with window, office area with wash sink & water fountains, a restroom, and an office.
| Space | Size | Space Use | Position | Available |
| 295 | 624 SF | Office/Medical | - | Now |
295
| Size |
| 624 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Now |
295
| Size | 624 SF |
| Space Use | Office/Medical |
| Position | - |
| Available | Now |
Space was previously occupied by a special pharmacist. Space includes a reception with window, office area with wash sink & water fountains, a restroom, and an office.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 65030135010320000 | Improvements Assessment | $6,839,380 |
| Land Assessment | $660,620 | Total Assessment | $7,500,000 |
PROPERTY TAXES
-
Raith Bairuty -
SB Commercial Realty
Presented by
First Place | 580 S Denton Tap Rd
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