Property Name

13305 Montfort Drive

GLA 25,296 SF

Percent Leased 94% Leased

Property Description

13305 Montfort Drive is a 25,296 SF retail center across from the planned Midtown Dallas development in Dallas, Texas. Positioned on 1.84 acres of land off the intersection of Montfort Drive and LBJ Freeway (I-635), the Property is just 15 minutes north of Downtown Dallas and 15 minutes east of Dallas Fort Worth International Airport. Renovated in 2015, 13305 Montfort Drive is 94.79% leased to a complementary tenant lineup which includes Midtown Family Dentistry, Petals & Stems, Montfort Cigars, Sally Beauty, First Cash Pawn, Cricket Wireless and more. Average suite size is 2,108 SF with average rents of $22.75 PSF NNN, which are at or below market for comparable area retail space allowing for long term upside in rent growth. As a testament to the strength of the submarket and location, 6 of the 10 tenants have been at the Property for more than 10 years. Additional upside potential exists in leasing the existing 1,318 SF vacancy. 13305 Montfort Drive is priced below replacement cost at $354.17 per SF, and also represents a potential covered land play at $111.94 per SF to the land. Nearby nationally known tenants include Target, Aldi, LA Fitness, Verizon, Starbucks, FedEx, Chase Bank, T-Mobile and more.