Freestanding NNN Office
3621 Shire Blvd Richardson, TX 75082
For Sale
Contact for pricing
Freestanding brick office building on a dedicated parking lot, leased under a true NNN structure through December 31, 2027.
Property Size10,150 SF
Lot Size1.10 Acres
Price / SF$472.91
Days on Market22
Property Features for 3621 Shire Blvd
General Information
- Standard status
- Active
- Size
- 10,150 SF
- Lot size
- 1.10 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2004
Listing Agency:
NNN Retail Advisors
Listed By:
Gavin Kam · License #TX 596860
Source:
Crexi
Added: Jul 2
Changed: Jul 23
Last Checked: Jul 23 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NNN Retail Advisors
Investment Insights
Based on property information with market context.
This single-tenant freestanding brick building totals 10,150 SF and is offered as a true NNN investment. The lease is in place through December 31, 2027 and includes management fees under the NNN structure. The property is situated on approximately 1.10 acres and features dedicated parking and an institutional-quality appearance.
Located at the southwest corner of President George Bush Turnpike (SH-190) and Jupiter Road in Richardson, Texas, the site offers direct access via Jupiter Road and frontage along PGBT (SH-190). The property is positioned near the CityLine mixed-use district and is surrounded by office, retail, hotel, and residential development.
There are no remaining tenant renewal options, and the offering is described as providing potential future upside through a market rent reset, re-tenanting, redevelopment, or owner-user opportunity.
Located at the southwest corner of President George Bush Turnpike (SH-190) and Jupiter Road in Richardson, Texas, the site offers direct access via Jupiter Road and frontage along PGBT (SH-190). The property is positioned near the CityLine mixed-use district and is surrounded by office, retail, hotel, and residential development.
There are no remaining tenant renewal options, and the offering is described as providing potential future upside through a market rent reset, re-tenanting, redevelopment, or owner-user opportunity.
Key Highlights
- Freestanding 10,150 SF brick building built in 2004 on approx. 1.10 acres in Richardson, TX
- Single‑tenant true NNN lease includes management fees
- Current lease term runs through December 31, 2027
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $268.0k | $26.40 |
| − Vacancy | −$67.5k | −$6.65 |
| EGI | $200.4k | $19.75 |
| − OpEx | −$50.1k | −$4.94 |
| NOI | $150.3k | $14.81 |
10,150 SF · lease $26.40/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,326 @ 7.0% cap · market cap 3.13%
Second Best
Retail
$1.74M
$1.52M – $2.02M
NOI $121,495 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,732 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
NNN property - Freestanding brick office building on a dedicated parking lot, leased under a true NNN structure through December 31, 2027.
Where is this nnn property located?
The property is located at 3621 Shire Blvd Richardson, TX.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Freestanding 10,150 SF brick building built in 2004 on approx. 1.10 acres in Richardson, TX; Single‑tenant true NNN lease includes management fees; Current lease term runs through December 31, 2027
