Broadway Square | 8.16%+ CAP | HUGE Traffic | | 5826 Broadway Blvd
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Broadway Square | 8.16%+ CAP | HUGE Traffic | 5826 Broadway Blvd
7,100 SF Retail Building Garland, TX 75043 $2,075,000 ($292/SF) 8.16% Cap Rate
Investment Highlights
- PROMINENT LOCATION | 3rd largest city in Dallas and one of the fastest growing cities in the US. The property serves 250k+ residents within 5 miles.
- ESTABLISHED TENANT WITH NNN LEASE | Jefferson Dental (70+ locations) occupies 4,054 square feet under a NNN lease until 7/31/2029.
- STRONG DAYTIME EMPLOYMENT | Garland’s workforce is bolstered by over 150,000 daytime employees across various industries.
- PRIME RETAIL THOROUGHFARE | Positioned directly off Broadway Ave (37,743 VPD) and minutes from I-30 (158,339 VPD).
- SURROUNDING RETAIL | Adjacent to Albertsons and near major retailers such as Walmart Supercenter, Walgreens, Kroger, KFC, What-a-Burger, etc.
- FLEXIBILTY WITH REMAINING VACANCY | Seller will provide a one-year rent credit plus NNN reimbursements for the vacant space at closing.
Executive Summary
8.16% CAP YEAR 1! | 250,000+ 5 Mile Population | Busy Traffic 37k+ VPD / 158K+ VPD | Premium Construction |
Broadway Square is a 7,100-square-foot dual-tenant retail center located on the main retail thoroughfare of Garland, Texas, a thriving city in the Dallas-Fort Worth metroplex. The property serves a vibrant community of over 250,000 residents within a 5-mile radius. It is highly visible and positioned directly off Broadway Ave (with 37,743 vehicles per day) and just off the Interstate 30 (with 158,339 vehicles per day), offering excellent access for customers.
One of the tenants, Jefferson Dental, has 70+ locations and, occupies 4,046 sf of space under a NNN lease through 7/31/2029. Jefferson Dental is responsible for paying their prorated share of common area maintenance (CAM), property taxes, and insurance. This location boasts over 600 reviews on Google, with an impressive 4.6-star rating.
The seller has kept 3,054 square feet vacant, presenting an opportunity for an owner-user or investor to lease up the remaining space. To further incentivize the buyer, the seller will credit one year of rent plus NNN reimbursements for the vacant space at closing. Garland's growing economy and strategic location make this property an excellent investment opportunity with strong potential for future growth.
Offered at a true 1st year return of 8.16% CAP, this property provides a tremendous return with future upside after stabilizing the tenancy.
Broadway Square is a 7,100-square-foot dual-tenant retail center located on the main retail thoroughfare of Garland, Texas, a thriving city in the Dallas-Fort Worth metroplex. The property serves a vibrant community of over 250,000 residents within a 5-mile radius. It is highly visible and positioned directly off Broadway Ave (with 37,743 vehicles per day) and just off the Interstate 30 (with 158,339 vehicles per day), offering excellent access for customers.
One of the tenants, Jefferson Dental, has 70+ locations and, occupies 4,046 sf of space under a NNN lease through 7/31/2029. Jefferson Dental is responsible for paying their prorated share of common area maintenance (CAM), property taxes, and insurance. This location boasts over 600 reviews on Google, with an impressive 4.6-star rating.
The seller has kept 3,054 square feet vacant, presenting an opportunity for an owner-user or investor to lease up the remaining space. To further incentivize the buyer, the seller will credit one year of rent plus NNN reimbursements for the vacant space at closing. Garland's growing economy and strategic location make this property an excellent investment opportunity with strong potential for future growth.
Offered at a true 1st year return of 8.16% CAP, this property provides a tremendous return with future upside after stabilizing the tenancy.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,100 SF
Building Class
B
Year Built/Renovated
1989/2019
Price
$2,075,000
Price Per SF
$292
Cap Rate
8.16%
NOI
$169,320
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Land Acres
0.76 AC
Zoning
Commercial - A multitude of uses are allowed.
Parking
49 Spaces (6.9 Spaces per 1,000 SF Leased)
Frontage
138 FT on Broadway Blvd
Amenities
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 26047610010010000 | Improvements Assessment | $583,990 |
| Land Assessment | $331,010 | Total Assessment | $915,000 |
PROPERTY TAXES
Parcel Number
26047610010010000
Land Assessment
$331,010
Improvements Assessment
$583,990
Total Assessment
$915,000
-
Jack Hopkins -
Jake Hopkins -
J & J Realty, Inc.
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Broadway Square | 8.16%+ CAP | HUGE Traffic | | 5826 Broadway Blvd
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