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LBJ East Center

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PROPERTY SUMMARY

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Property Type: Retail

Building Size: 34074-square-foot

Property Address: 2121 Northwest Highway, Garland, TX 75041

Year Built: 1984

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PROPERTY DESCRIPTION

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  • 34074-Square-Foot, Multi-Tenant Retail Center

  • Value-Add 34,500 SF Neighborhood Shopping Center

  • Ability to Increase NOI Through Lease-Up & Rasing Rents

  • The new owner is planning a major façade renovation project

  • Situated on the NWC of Northwest Highway & Towngate Blvd – Visible to Over 29,000 Vehicles Per Day

  • Large Pylon Signage for Tenants to Advertise on Northwest Highway – Multiple Points of Ingress and Egress

  • Extremely Dense Demographics in Heart of Dallas County – Over 348,000 Residents in a 5 Mile Radius

  • Surrounding National Retailers Include: Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Ross, Dollar Tree, ALDI, Goodwill, Office Depot, Starbucks, Capital One Bank, Arby’s, Denny’s and many more

 

DEMOGRAPHICS

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Towngate Plaza

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PROPERTY SUMMARY

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Property Type: Retail

Building Size: 39,426-square-foot

Property Address: 1901 Northwest Highway, Garland, TX 75041

Year Built: 1986

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PROPERTY DESCRIPTION

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  • 39,426-Square-Foot, Multi-Tenant Retail Center

  • Several Recent Improvements – New Roof Put on in 2020, Façade was Renovated in 2022, & Retaining Wall on Back of Property Built in 2023

  • Situated on the NEC of Northwest Highway & Towngate Blvd – Visible to Over 29,000 Vehicles per Day

  • Large Pylon Signage for Tenants to Advertise on Northwest Highway

  • Extremely Dense Demographics in Heart of Dallas County – Over 348,000 Residents in a 5 Mile Radius

  • Surrounding National Retailers Include Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Ross, Dollar Tree, ALDI, Goodwill, Office Depot, LA Fitness, Starbucks, Capital One Bank, Arby’s, Denny’s & Many More

 

DEMOGRAPHICS

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Shops at Ridgmar

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PROPERTY SUMMARY

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Property Type: Retail

Building Size: 40,627-square-foot

Property Address: 1700 Mall Circle, Fort Worth, TX 76116

Year Built: 1985

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PROPERTY DESCRIPTION

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  • 40,627-Square-Foot, Multi-Tenant Retail Center

  • Located in the 5th Fastest Growing County in the US – Tarrant County was the 5th fastest growing county in the nation from 2010-2020, growing by almost 20%

  • E-Commerce Resistant, Complimentary Tenant Mix –  service-oriented tenants

  • Close Proximity to 2 of Fort Worth’s Largest Employers, Lockheed Martin and the Naval Air Station Fort Worth Joint Reserve Base (NAS JRB)

  • Densely Developed Residential Market with Ideal Consumer Demographics – There are over 365,926 residents within a 7-mile radius of the property with an average household income exceeding $90,000 within a 5-mile radius

  • Eight Miles West of Downtown Fort Worth

  • Positioned Along Area’s Major Retail & Traffic Corridor – Features excellent visibility and easy access to I-30 (113,250 VPD) along Alta Mere Drive (27,496 VPD)

  • Dense Retail Corridor – Surrounding national retailers include Walmart, Sam’s Club, Target, Aldi, Kroger, AMC Theaters, Planet Fitness, Walgreens, Ross Dress for Less, Academy, Chick-fil-A, Home Goods, Michaels, Best Buy, Panda Express, and many more

 

DEMOGRAPHICS

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Campbell Junction

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PROPERTY SUMMARY

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Property Type: Retail

Building Size: 43,036-square-foot

Property Address: 2000-2010 N Plano Rd and 1403 East Campbell Rd, Richardson, TX 75080

Year Built: 1985

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PROPERTY DESCRIPTION

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  • 43,036-Square-Foot, Multi-Tenant Neighborhood Retail Center

  • All Leases Are Triple-Net | Complementary Mix of Internet-Resistant, Service-Oriented Businesses

  • Current Average Rents are Below Market

  • Consists of Three Multi-Tenant Buildings Situated 4.41-Acre Lot with Concrete Parking

  • Lot and a Parking Garage Located Under the Building

  • Includes a 0.7-Acre Pad Site (Priced at $20/SF) that will Accommodate +/- 13,000 SF of Buildable Area | Future Upside Potential

  • Property Improvements Including Replacement of Staircase Steps (July 2025), Facade Renovations (2024), Parking Lot Repairs and New LED Lights (2023 - 2025)

  • Prime Location at the Signalized, Hard Corner of Two Major Roadways, North Plano Road (39,456 VPD) and East Campbell Road (39,076VPD) | Easily Accessible from Multiple Ingress and Egress Points from Both Roads

  • Close Proximity to Dense Retail Trade Area of US Highway 75 and Campbell Road

  • Surrounding Area has Desirable Demographics | The Average Household Income is $115,476 within a One-Mile Radius; $105,674 within a Three-Mile Radius; and $96,250 within a Five-Mile Radius | Densely Populated with more than 366,209 Residents Located within Five-Miles

  • Richardson is Located in the Telecom Corridor, Accounting for 82,600 Jobs | Major Employers Include AT&T, Verizon, Samsung, Texas Instruments, Metro PCS, Cisco Systems, and Fujitsu

  • The City is also Home to the Corporate Headquarters for Blue Cross Blue Shield of Texas, and has Regional Hubs for State Farm Insurance, GEICO, and United Healthcare

 

DEMOGRAPHICS

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Inwood Plaza

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PROPERTY SUMMARY

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Property Type: Retail

Building Size: 9570-square-foot

Property Address: 5626 Maple Ave, Dallas, TX 75235

Year Built: 2004

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PROPERTY DESCRIPTION

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  • 9,570 SF Core, Infill Multi-Tenant Retail Center

  • Value-Add Potential | 7,163 SF Available for Lease with Current Rents Averaging $29/SF offering Significant Upside

  • Average Suite Size of 2,387 SF – Easily Leasable

  • Located on the Southeast Quadrant of Maple Ave & Inwood Rd I Two Major Thoroughfares that Run Through Dallas | Visible to Over 39,000 Vehicles per Day

  • Infill & Densely Populated Trade Area – Over 337,000 Residents in a 5 Mile Radius

  • Outstanding Demographics I Average Household Income Exceeds $117,000 within a 3 mile Radius – Well Above National Average

  • Several Nearby Major Traffic Drivers | 2 Miles from Dallas Love Field (18 Million Annual Travelers), Adjacent to New Parkland Memorial Hospital (862 Beds & Over 10,000 Employees) & UT Southwestern Medical Center (Over 23,000 Employees & 4 Million annual Patients

 

Demographics:

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MeadowCrest Corners

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PROPERTY SUMMARY

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Property Type: Retail

Building Size: 34,033-square-foot

Property Address: 5306-5354 Rufe Snow Dr, North Richland Hills, TX 76180

Year Built: 1983

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PROPERTY DESCRIPTION

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  • 34,033-Square-Foot, Multi-Tenant Retail Center

  • Tenant Base is a Complementary Mix of National and Local Retailers that are Largely Internet-Resistant

  • Majority of the Leases have Annual Rent Escalations, Providing Year-Over-Year Income Growth Potential

  • Current Average Rents are Below Market

  • Located on the Hard Corner of Rufe Snow Drive and Meadow Crest Drive

  • Easily Accessible from Ingress and Egress Points from Both Roads | Traffic Counts are Approximately 39,226 Vehicles per Day

  • Large Pylon Signage Provides Additional Exposure to the Center

  • New Adjacent Popeyes Pad Site (Not a Part)

  • Just North of a Dense Retail Trade Area at the Intersection of Rufe Snow Drive and Texas Highway 121/Loop 820

  • Traffic Drivers Include Walmart, Sam's Club, The Home Depot, Burlington, WinCo Foods, Floor & Decor, and Others

  • Surrounding Area has Excellent Demographics. Affluent Population with an Average Household Income of $95,471 and More than 293,491 Residents Within Five Miles of the Property

  • North Richland Hills is the Third Largest City in Tarrant County.

  • Located 15 Miles Northeast of Downtown Fort Worth and 29 Miles Northwest of Downtown Dallas

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DEMOGRAPHICS

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