Signalized Corner Retail
For Sale
Contact for pricing
4413 W Walnut St, Garland, TX 75042
Fully leased multi-tenant retail center anchored by restaurant, service, and entertainment operators.
Property Size42,232 SF
Price / SF$177.71
Days on Market53
Property Features for 4413 W Walnut St
General Information
Standard status
Active
Size
42,232 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Northmarq | Baltimore
(918) 794-9523
Listed By:
Ryan Butler
(918) 794-9523
Source:
Moodyscre
Added: Jun 8
Changed: Jul 10
Last Checked: Jul 21 at 5:46AM
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 | Baltimore
Investment Insights
Based on property information with market context.
This shopping center is 100% occupied and leased to a diversified mix of restaurant, service, and entertainment tenants. The center’s tenants operate under net lease agreements, with many occupants showing long-term operating history and durable in-place tenancy. The property includes recent roof replacements, including a new roof for First Choice Auto & Tires installed in March 2023 with a 10-year warranty. The remaining buildings, excluding the Eagle Travel building, received roof replacements in April 2018 with a 20-year warranty.
The center is positioned at a signalized hard-corner intersection, providing strong access options and direct exposure to commuter traffic. The property fronts North Plano Road and West Walnut Street, with reported traffic counts of 35,700+ vehicles per day on North Plano Road and 20,600+ vehicles per day on West Walnut Street, supporting visibility to approximately 56K+ vehicles daily.
For investors or buyers seeking a retail asset with stable, in-place occupancy, this center offers a straightforward multi-tenant setup with net leases and recent capital improvements focused on roof longevity. Its corner location and multiple points of ingress and egress can support day-to-day tenant operations across a range of neighborhood-oriented uses.
The center is positioned at a signalized hard-corner intersection, providing strong access options and direct exposure to commuter traffic. The property fronts North Plano Road and West Walnut Street, with reported traffic counts of 35,700+ vehicles per day on North Plano Road and 20,600+ vehicles per day on West Walnut Street, supporting visibility to approximately 56K+ vehicles daily.
For investors or buyers seeking a retail asset with stable, in-place occupancy, this center offers a straightforward multi-tenant setup with net leases and recent capital improvements focused on roof longevity. Its corner location and multiple points of ingress and egress can support day-to-day tenant operations across a range of neighborhood-oriented uses.
Key Highlights
- 100% leased multi‑tenant retail center with tenants operating in restaurant, service, and entertainment uses
- Hard‑corner, signalized intersection on North Plano Road (35,700+ VPD) and West Walnut Street (20,600+ VPD) with direct exposure to 56K+ daily vehicles
- Multiple points of ingress and egress for tenant access
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
119k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Dining 41%
Shops & Services 16%
Apparel 1%
Kroger
Groceries
48,716 visits/mo
0.3 miles
McDonald's
Dining
33,716 visits/mo
0.4 miles
El Pollo Regio
Dining
10,949 visits/mo
0.3 miles
Kroger Fuel Center
Shops & Services
9,106 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,667 visits/mo
0.5 miles
Demographics for 75042, TX
39,148
Population
11,791
Households
3.3
Avg Household Size
33
Median Age
16%
College-Educated
69%
High-School Grad
7.6 sq mi
ZIP Area
5,151
Density / Sq Mi
$63,531
Median Household Income
$32,476
Median Earnings
$1,336
Median Rent
$221,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased multi-tenant retail center anchored by restaurant, service, and entertainment operators.
Where is this shopping center located?
The property is located at 4413 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: 100% leased multi‑tenant retail center with tenants operating in restaurant, service, and entertainment uses; Hard‑corner, signalized intersection on North Plano Road (35,700+ VPD) and West Walnut Street (20,600+ VPD) with direct exposure to 56K+ daily vehicles; Multiple points of ingress and egress for tenant access
