Property Name

Beltline Irving Retail Center

GLA 11,200 SF

Percent Leased 100% Leased

Property Description

Beltline Irving Retail Center is a 100% leased, 11,200 square foot retail center located in the highly desirable and affluent Las Colinas submarket of Irving, Texas.  Situated on 1.08 acres of land, the Property is positioned along Beltline Road approximately five minutes from DFW International Airport, twenty minutes from downtown Dallas and thirty minutes from downtown Fort Worth.  Beltline Irving Retail Center is leased to a complementary mix of restaurant and service tenants including State Farm, Maki Boy, Thai Tea Asian Fusion Café, Donuts, Di Memo’s Pizza, Meddle Vapes and BT Thai Massage & Spa. Effective rents average $19.53 PSF, while recent retail leasing activity within the area is achieving meaningfully higher effective rents. Further upside potential exist in converting the three (3) current gross leases to NNN. As a testament to the strength in the submarket and location, two (2) tenants recently extended their lease terms early. The Property is priced well below replacement cost at $312.50 PSF. Beltline Irving Retail Center features fundamental positioning parallel to Beltline Road, masonry construction, an average suite size of 1,600 SF, shallow bay depth and multiple ingress/egress points. The Property benefits from an average household income that exceeds $160,200, $144,300 and $129,700 in a 1, 3 and 5 mile radii, respectively. Nearby national retailers include Starbucks, Chipotle, 7-Eleven, RaceTrac,  Jersey Mike’s, Mexican Sugar, Jimmy John’s, McAlister’s Deli, Cowboy Chicken, Bread Zeppelin, Ideal Dental, Popeye’s, Subway and Five Guys among others.