3229 Frst Ln Garland, TX 75042
- Strip malls
- 9,600 SF
- 0.82 lot acres
Current Use by Public Records
- Strip malls
Property Details for 3229 Frst Ln
- Year built
- 1972
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.82 lot acres
- Property size
- 9,600 SF
- Zone code
- Z53
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 26629500010010700
- APU
- 26629500010010700
Description
This exceptional Garland, Texas retail property at 3229 Forest Ln offers a compelling investment opportunity. The 9,660 square foot building sits on a 0.817-acre lot and is currently 100% occupied by a mix of convenience store, quick-service restaurant, and restaurant tenants under NNN leases, generating a strong net operating income (NOI) of $182,760 and a 7.00% cap rate. The asking price is $2,578,000, translating to $266.87 per square foot. Built in 1972, the property benefits from a highly visible location with a daily traffic count of 31,315 vehicles, directly across from the Forest/Jupiter DART Station, ensuring excellent accessibility and high foot traffic. Its proximity to major highways like I-635 and US 75 further enhances its strategic location. The surrounding area boasts a strong average household income within a 3-mile radius, supporting consistent tenant demand. This property presents a rare opportunity to acquire a stable, high-performing retail investment in a thriving Garland, TX (zip code 75042) location, just 2.6 miles from the revitalized downtown area. The property's size and location offer potential for future growth and development, making it an attractive investment for long-term appreciation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garland
- County
- Dallas
- State
- Texas
- Longitude
- -96.6796
- Latitude
- 32.9096
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
