Property Name

Midpark Center

GLA 8,330 SF

Percent Leased 100% Leased

Property Description

Midpark Center is a 8,330 SF retail asset located within a thriving retail corridor of the affluent DFW submarket of Carrollton, Texas.  Situated at the signalized hard corner of the Hebron Parkway and Midway Road intersection, the Property is approximately 18 minutes from Downtown Dallas and 20 minutes from Dallas Fort Worth International Airport.  Midpark Center is 100% leased to a complementary mix of restaurant and service tenants including Five Guys Burgers and Fries, Wing Snob, The Joint & Gigi’s Cupcakes. The average base lease term is January 2030 with three (3) tenants experiencing built in rent escalations during their primary terms. As a testament to the strength in the submarket and location, three (3) of the current tenants making up 55.73% of the total GLA, have been located at the Property for at least 10 years. Midpark Center features a signalized hard corner location, masonry construction, parallel orientation on Hebron Parkway, an average suite size of 1,653 SF, multiple ingress/egress points and a highly visible masonry monument sign. Average household income exceeds $130,600, $127,600 and $130,000 within a 1, 3 and 5 mile radii, respectively. Midpark Center is conveniently located in a dense retail trade area with more than 4,700,000 SF of retail GLA within a two mile radius. Notable national retailers in nearby include Costco Wholesale, Walmart Supercenter, Target, LA Fitness, The Home Depot, Office Depot & Walgreens amongst others.