5555 Buckner BlvdDallas, TX 75228

  • Outlet malls
  • 116,649 SF
For Sale
$15,945,000 View listing

Property Details for 5555 Buckner Blvd

Year built
1991
Construction
TILT-UP CONCRETE
Lot size
10.83 AC
Property size (Sq ft)
116,649 SF
Zone code
Z248
Property type
Outlet malls
APN
008475000A02A0000
APU
008475000A02A0000

Description

This exceptional investment opportunity presents a 140,883-square-foot Sam's Club situated on an 11.77-acre lot in Dallas, Texas. The property boasts a strong net lease with a remaining term of 8.7 years, plus eight 5-year options extending to 2073. The tenant, Sam's Club, a subsidiary of Walmart (NYSE: WMT), enjoys a prime location at the intersection of Sammuel Boulevard and Buckner Boulevard, benefiting from a combined daily traffic count exceeding 49,400 vehicles. The property's strategic location is further enhanced by its proximity to other major retailers, including a Walmart Supercenter, CVS, Bank of America, Whataburger, and several fast-food chains. The asking price is $15,945,000, representing a 5.00% cap rate and a net operating income (NOI) of $797,261. Landlord responsibilities are limited to the roof, structure, and parking lot, making this an ideal low-maintenance investment. The property's long-term lease, coupled with Walmart's investment-grade credit rating (S&P: AA), provides investors with exceptional stability and predictable cash flow for decades to come. This is a rare opportunity to acquire a highly sought-after, single-tenant net lease asset in a rapidly growing market. The property's size and location within a dense commercial area, combined with the strength of the tenant and the lease terms, make this a compelling investment proposition.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $24,894,600
    6.5%
    $22,979,600
    7%
    $21,338,200
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,927,300
    Geo Method
    $36,320,500
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $45,001,400
    Mixed-Use / Specialty
    $22,821,400
    Hospitality / Lodging
    $16,643,900
    Office
    $22,606,300
    Institutional / Educational
    $23,697,800
    Residential Income
    $27,726,400
    Multifamily
    $33,676,700
    Automotive / Energy
    $20,312,400
    Parking / Income-Based Land
    $7,084,970
    Restaurant / Food Service
    $11,706,700
    Healthcare / Senior Housing
    $23,481,200

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.7937
Longitude
-96.6867
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$168,355
$2,076,490
$5,259,920
$7,336,410
-
$2,076,490
$5,259,920
$7,336,410

FAQs

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