Fully Occupied Multi-Tenant Retail
4401 W WALNUT ST Garland, TX 75042
For Sale
Contact for pricing
Fee simple shopping center fully occupied by net-leased restaurant, entertainment, and service tenants.
Property Size42,232 SF
Lot Size5.76 Acres
Price / SF$177.71
Days on Market51
Property Features for 4401 W WALNUT ST
General Information
- Standard status
- Active
- Size
- 42,232 SF
- Lot size
- 5.76 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing Agency:
Northmarq Capital, LLC
(918) 794-9516
Listed By:
Chad Byerly · License #OK 155856
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 6:24AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
Walnut Park Shopping Center is a +/- 42,232 SF multi-tenant retail center offered for sale as a 100% fee simple interest. The property sits on a 5.76-acre lot and is fully occupied by a mix of local restaurant, entertainment, and service tenants. All tenants are under net lease agreements, and the majority feature annual rent increases.
Located at 4401 W Walnut St in Garland, TX, the center benefits from its position within the Dallas–Fort Worth Metroplex. Garland is described as a well-established suburb approximately 15 miles northeast of Downtown Dallas. The provided information also notes a population of over 250,000 residents within the city.
For buyers seeking a stabilized retail asset, Walnut Park Shopping Center offers a fully occupied tenant roster with net lease structures in place. The mix of restaurant, entertainment, and service uses may provide day-to-day tenant adjacency within the center and a diversified operating profile across multiple local businesses.
Located at 4401 W Walnut St in Garland, TX, the center benefits from its position within the Dallas–Fort Worth Metroplex. Garland is described as a well-established suburb approximately 15 miles northeast of Downtown Dallas. The provided information also notes a population of over 250,000 residents within the city.
For buyers seeking a stabilized retail asset, Walnut Park Shopping Center offers a fully occupied tenant roster with net lease structures in place. The mix of restaurant, entertainment, and service uses may provide day-to-day tenant adjacency within the center and a diversified operating profile across multiple local businesses.
Key Highlights
- ±42,232 SF multi‑tenant retail center on a 5.76‑acre lot in Garland, TX
- 100% fee simple interest offered
- Fully occupied by a mix of restaurant, entertainment, and service tenants
Financial Insights For Retail
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 | $1.02M | $24.12 |
| − Vacancy | −$47.9k | −$1.13 |
| EGI | $970.8k | $22.99 |
| − OpEx | −$291.2k | −$6.90 |
| NOI | $679.5k | $16.09 |
42,232 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.71M
$8.49M – $11.33M
NOI $679,532 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$50.67M
$44.34M – $59.12M
NOI $3,547,245 @ 7.0% cap · market cap 47.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FIRST CHOICE AUTO ...
Auto Repair Shop
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FAQs
What type of property is this?
Shopping center - Fee simple shopping center fully occupied by net-leased restaurant, entertainment, and service tenants.
Where is this shopping center located?
The property is located at 4401 W WALNUT ST Garland, TX.
What is the asking price?
The asking price for this property is $7,505,000.
What are key features of this property?
This property features: ±42,232 SF multi‑tenant retail center on a 5.76‑acre lot in Garland, TX; 100% fee simple interest offered; Fully occupied by a mix of restaurant, entertainment, and service tenants
