4395 Northgate DrIrving, TX 75062

Property Details for 4395 Northgate Dr

Lot size

0.97 AC

Zone code

Z58

Property type

Commercial land

APN

32588950B1A1R0000

APU

32588950B1A1R0000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Family Dollar store in Irving, Texas. The 8,400 square foot building, constructed in 2018, sits on a one-acre lot at 4395 W Northgate Dr, 75062, boasting a strong location with high visibility and traffic counts. The property benefits from a 15.1-year lease (8.4 years remaining) commencing February 28, 2018, and expiring March 30, 2033. The lease includes rent bumps of 5% every five years, starting April 1, 2028, and six 5-year lease options, also with 5% rent increases. The tenant, a credit-rated corporation, provides a corporate guarantee, ensuring consistent income. The property's strong financial performance is reflected in its 6.60% cap rate and a net operating income (NOI) of $133,941. The asking price is $2,029,410, translating to $241.60 per square foot and $2,029,410 per unit. The property's prime location within the Dallas/Fort Worth Metroplex, near DFW International Airport, and in a high-income demographic area (254,000+ residents within 5 miles, average household income over $107,000) contributes to its exceptional investment potential. The high traffic counts on W Northgate Dr (14,000 vehicles per day) and nearby State Hwy 161 (132,117 vehicles per day) further enhance the property's value. This is a turnkey investment with zero landlord responsibilities, offering a secure and profitable return for years to come. The all-brick construction ensures durability and longevity.

• Alternative Use

  Use

  Valuation

  Residential

  $8,274,132

  Hospitality

  $7,579,060

  Educational

  $6,305,689

  Medical

  $6,522,551

  Retail

  $9,808,849

Location Insight

City

Irving

County

Dallas

State

Texas

Latitude

32.8574

Longitude

-97.01

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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