2722 Fitzhugh AveDallas, TX 75204

Property Details for 2722 Fitzhugh Ave

Year built

2017

Construction

FRAME

Lot size

0.49 AC

Property size (Sq ft)

5,117 SF

Property type

Retail space

APN

001999000B01B0000

APU

001999000B01B0000

Description

This exceptional Class A, 13,790 square foot shopping center in Dallas, Texas, presents a compelling investment opportunity. Boasting a 6.25% cap rate and a strong NOI of $519,431, this multi-tenant property is fully occupied by a diverse mix of high-performing businesses including LDU, Larc Salon, f45, Joe Leo, and Yoga Six. Built in 2017, the property features 137 parking spaces and sits on a 0.693-acre lot at 2722 N Fitzhugh Ave, Dallas, TX 75204, a prime location in the heart of Dallas, benefiting from high traffic counts exceeding 245,000 vehicles daily. The property is strategically positioned near thriving retail districts, including Knox District and Henderson Avenue, and is surrounded by a dense population with high average household incomes exceeding $140,000 within a one-mile radius. The property's lease type is NNN, and it includes rent bumps. This core investment offers a compelling combination of strong financial performance, exceptional location, and a diverse tenant base, making it an ideal addition to any portfolio. The property's 5-year CAGR is 2.24, and its WALT is 6.19, indicating a stable and accretive investment. This is a for-sale-by-owner opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,427,017

  6.5%

  $1,317,246

  7%

  $1,223,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,725,172

  Geo Method

  $3,396,827

• Alternative Use

  Use

  Valuation

  Residential

  $1,111,146

  Hospitality

  $1,017,804

  Educational

  $846,801

  Medical

  $875,924

  Retail

  $1,317,246

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8148

Longitude

-96.7858

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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