1926 Market Center BlvdDallas, TX 75207

Property Details for 1926 Market Center Blvd

Year built

2014

Construction

TILT-UP CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

5,459 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

004894000A0010000

APU

004894000A0010000

Description

This exceptional 5,500-square-foot restaurant property, located at 1926 Market Center Blvd in Dallas, Texas, presents a unique investment opportunity. Currently occupied by a Rodeo Goat restaurant operating under a NNN lease with approximately 0.2 years remaining until the next option period begins in January 2025. The lease commenced February 11, 2015, and has a total term of 9.9 years. The property boasts a 100% occupancy rate and sits on a 0.92-acre lot. Built in 2014, this single-story building is situated in the highly desirable Dallas Design District, a prime location known for its high density and significant foot traffic. The MU-3 zoning allows for the construction of a structure up to 270 feet tall, offering substantial future development potential. The property benefits from direct access to the Trinity Strand Trail, a recently completed pedestrian bridge project. This Rodeo Goat location is the highest-grossing in the entire chain. The lease can be restructured at fair market value in 2025, providing an investor with the potential for increased returns and strategic positioning within this vibrant district. Nearby developments, including the Virgin Hotel and Avant on Market Center, further highlight the area's growth and momentum. The property's location offers easy access to Downtown Dallas, Uptown, Highland Park, SMU, University Park, and Dallas Love Field Airport. This infill asset presents a rare covered land play in one of Dallas's most sought-after corridors.

• CAP approach

  CAP return

  Valuation

  6%

  $1,233,742

  6.5%

  $1,138,839

  7%

  $1,057,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,380,924

  Geo Method

  $4,118,612

• Alternative Use

  Use

  Valuation

  Residential

  $960,654

  Hospitality

  $879,953

  Educational

  $732,111

  Medical

  $757,289

  Retail

  $1,138,839

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.797

Longitude

-96.824

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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