12601 Lake June Rd Balch Springs, TX 75180
Freestanding retail property with long-term lease and interstate frontage.
Property size:
2,391 SFLot size:
0.73 AcresProperty Features for 12601 Lake June Rd
General Information
- Size
- 2,391 SF
- Lot size
- 0.73 Acres
Source:
Moodyscre
Listing Agent: Graham Gold
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Balch Springs Retail Investment Opportunity
This retail property is located at the intersection of I-635 and Lake June Rd in Balch Springs, TX. The building, previously a Carl’s Jr., has been updated. The property benefits from its location at the intersection of I-635, which sees 165,000 vehicles per day, and Lake June Rd, which sees 12,500 vehicles per day. The surrounding area includes a Walmart, Amazon distribution center, Wendy’s, Chase Bank, Raising Cane’s, Whataburger, Discount Tire, and Panda Express. The location is within the DFW Metroplex, with over 55,000 residents earning an average household income of $76,000 within a 2-mile radius. The property is suitable for retail use. PNC recently signed a new 15-year lease with 10% rent increases every 5 years.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Banks
Location Insight
- Map
- Local Demand
- City
- Balch Springs
- County
- Dallas
- State
- Texas
- Longitude
- -96.6111312
- Latitude
- 32.7365566
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - Freestanding retail property with long-term lease and interstate frontage.
Where is this bank located?
The property is located at 12601 Lake June Rd Balch Springs, TX.
What is the asking price?
The asking price for this property is $2,608,695.
What are key features of this property?
This property features: - New 15-year lease with 10% rent increases every 5 years.; - Investment-grade tenant: PNC (NYSE:PNC) with an S&P credit rating of A.; - High-traffic location at the intersection of I-635 (165,000 VPD) and Lake June Rd. (12,500 VPD).