Dallas Dog Palace
Dallas Dog Palace is a 2,500 SF single tenant infill asset and covered land play opportunity located in PD 1002 just east of the Deep Ellum entertainment and office district in Dallas, Texas. Positioned just off Main Street on 12,000 SF of land, the Property is just minutes from Downtown Dallas on East Side Avenue. Dallas Dog Palace signed a 5-year, NNN lease with annual rent escalations through June 2027 and below market rent of $20.00 PSF NNN. Fully renovated in 2022, the Property received significant interior and exterior improvements with estimated cost totaling in excess of $300,000. Dallas Dog Palace represents an in-place cash flow opportunity with future covered land play potential within the Planned Development District 1002 or PD 1002. Existing zoning encourages walkable, mixed-use urban development and allows by right for a towering floor to area ratio of 4:1, with a bonus floor to area ratio of 6:1, if the total dwelling units of a multi-family development are allocated for affordable housing. Additionally, PD 1002 allows a maximum height of 160 ft, 80% lot coverage and permitted uses for multi-family, office and hospitality assets. Dallas Dog Palace is located within the dense submarket of East Dallas with a total population exceeding 15,900, 167,000 and 372,600 in a one, three and five mile radius, respectively.