For Sale
$8,393,103
1850 Legends TrlCarrollton, TX 75006
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- Rare, large DFW leasehold: 32-acre site leased from the City of Carrollton through 2065, including two 13-year NNN subleases.
- Includes a 52,000 SF indoor soccer facility (subleased to TOCA through 2037) and 27 acres subleased to BVB International Academy America (including two buildings and six lighted soccer fields) also through 2037 (BVB lease is a proposed sale-leaseback).
- 7.25% Year 1 cap rate on sublease income.
- Low ground rent of $2,500/month on the entire 32 acres through 2065; 100% of ground rent passed through to sub-tenants.
- High-income, densely populated area in the fastest-growing US metroplex: 326,000 average daily population and $122,000 average household income within a 5-mile radius.
- Future redevelopment opportunity: TOCA (4.61 acres + building) has options through 2047; BVB International Academy America (27.32 acres + 2 buildings) has negotiable lease terms.
Property Details for 1850 Legends Trl
- Property type
- Specialty properties
- Square Feet
- 52,000 SF
- Year Built
- 2018
- Buildings
- 3
- Lot Size (sq. ft)
- 1,390,871 SF
Location Insight
- City
- Carrollton
- County
- Dallas
- State
- Texas
- Latitude
- 32.9657311
- Longitude
- -96.9340532
1850 Legends Trl, Carrollton, Texas
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