For Sale
$2,578,000

3229 Forest LnGarland, TX 75042

High-traffic, 100% occupied retail complex.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional Garland, Texas retail property at 3229 Forest Ln offers a compelling investment opportunity. The 9,660 square foot building sits on a 0.817-acre lot and is currently 100% occupied by a mix of convenience store, quick-service restaurant, and restaurant tenants under NNN leases, generating a strong net operating income (NOI) of $182,760 and a 7.00% cap rate. The asking price is $2,578,000, translating to $266.87 per square foot. Built in 1972, the property benefits from a highly visible location with a daily traffic count of 31,315 vehicles, directly across from the Forest/Jupiter DART Station, ensuring excellent accessibility and high foot traffic. Its proximity to major highways like I-635 and US 75 further enhances its strategic location. The surrounding area boasts a strong average household income within a 3-mile radius, supporting consistent tenant demand. This property presents a rare opportunity to acquire a stable, high-performing retail investment in a thriving Garland, TX (zip code 75042) location, just 2.6 miles from the revitalized downtown area. The property's size and location offer potential for future growth and development, making it an attractive investment for long-term appreciation.

Highlights

  • 100% Occupancy with stable tenants.
  • NNN leases.
  • High-traffic location with 31,315 VPD.
  • Excellent access to I-635 and US-75.
  • 2.6 miles from revitalized downtown Garland.
  • Strong location in a thriving, growing economy.

Property Details for 3229 Forest Ln

Property type
Retail properties, Restaurants
Square Feet
9,660 SF
Year Built
1972

Location Insight

City
Garland
County
Dallas
State
Texas
Latitude
32.909632
Longitude
-96.6796028
3229 Forest Ln, Garland, Texas

FAQs

What type of property is this?
Retail property - High-traffic, 100% occupied retail complex.
Where is the retail property located?
The property is located at 3229 Forest Ln Garland, TX.
What is the asking price?
The asking price for this property is $2,578,000.
What are key features of this property?
This property features: 100% Occupancy with stable tenants.; NNN leases.; High-traffic location with 31,315 VPD.
How can I contact the broker?
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3229 Forest Ln
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