8640 R L Thornton FwyDallas, TX 75228

Property Details for 8640 R L Thornton Fwy

Year built

2008

Construction

TILT-UP CONCRETE

Lot size

2.37 AC

Property size (Sq ft)

5,100 SF

Zone code

Z248

Property type

Retail properties

Property subtype

Gas stations

APN

008474000D0070000

APU

008474000D0070000

Description

This exceptional 8,000 square foot freestanding retail building, situated on a generous 2.37-acre lot, presents a unique investment opportunity in Dallas, Texas. Previously occupied by a Hertz automotive dealership, the property boasts an office component and multiple automotive bays/warehouse space, ideal for a variety of uses. Its prime location on the East R.L. Thornton Freeway offers unparalleled visibility and accessibility, with direct frontage on I-30 and an existing pylon sign. The high-traffic intersection is surrounded by a vibrant mix of national retailers, restaurants, and hotels, including seven major hotel brands constructed between 2018 and 2024. This strategic location provides excellent exposure and convenient access for customers. The property is conveniently located just 6.5 miles from Downtown Dallas, ensuring easy access to the city's core. While currently under a lease with Hertz, which is no longer operating, the lease will be terminated prior to sale, allowing for immediate occupancy or redevelopment. The property is also available for a ground lease. This presents a rare chance to acquire a well-positioned property with significant potential in a thriving Dallas market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,388,802

  6.5%

  $1,281,971

  7%

  $1,190,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,581,380

  Geo Method

  $3,847,760

• Alternative Use

  Use

  Valuation

  Residential

  $1,081,391

  Hospitality

  $990,548

  Educational

  $824,124

  Medical

  $852,467

  Retail

  $1,281,971

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7943

Longitude

-96.693

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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