1600 Airport FwyIrving, TX 75062

Property Details for 1600 Airport Fwy

Year built

2005

Lot size

4.08 AC

Property size (Sq ft)

20,800 SF

Property type

Warehouses

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a two-building, 20,800-square-foot industrial property situated on 4.08 acres of fully paved land in Irving, Texas. The property boasts a prime location with 315 feet of frontage on IH 183, benefiting from over 150,000 daily traffic counts and convenient access to major highways including IH 114, IH Loop 12, IH 35, IH 30, and IH 20 (all within a 10-minute drive). Currently leased to Avis Car Sales, a well-established tenant with a strong credit rating, the property features a single-tenant NNN lease with a 5.82% cap rate. The lease, expiring May 30, 2028, includes two five-year renewal options with a 2% annual rent increase. Building 1 comprises approximately 6,800 square feet of fully climate-controlled office space, while Building 2 offers approximately 13,400 square feet of industrial service facility space. The property is zoned for Commercial Outdoor District 2, within the 183 Overlay district, and includes 15 dock-high doors. The tenant has a one-time right to terminate the lease without penalty, effective December 31, 2025, provided written notice is given by June 30, 2025. This property offers a stable income stream with significant upside potential due to below-market rent and strong tenant history. The asking price is $6,250,000.

Location Insight

City

Irving

County

Dallas

State

Texas

Latitude

32.836

Longitude

-96.9253

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