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    5040 Addison Cir Addison, TX 75001

    For Lease
    Contact for pricing

    Prime Addison Retail Space Available

    Lot size:
    106,719 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A retail center, located at 5040 Addison Cir, Addison, TX 75001, offers 10 available spaces ranging from 823 to 3,542 square feet within a 106,719 square foot building. Built in 2000, the property sits on a generous 22.82-acre lot in Dallas County and boasts a desirable multiple-tenancy configuration. Its prime location provides easy access to public transit and major roadways, making it easily accessible throughout the Dallas-Fort Worth Metroplex. The property's strategic placement next to Beckert Park and Addison Circle Park offers a unique blend of urban convenience and green space, fostering a vibrant live/work environment. The brick-paved streets are lined with shops and restaurants, creating a thriving atmosphere that attracts a significant number of visitors annually, exceeding 200,000 during various events. This property presents a remarkable opportunity for businesses seeking a high-visibility location within a thriving community. The minimum divisible space is 823 square feet, while the maximum contiguous space available is 3,542 square feet. The property's amenities and location make it an ideal choice for a variety of retail businesses.

    Property Features for 5040 Addison Cir

    General Information

    Property type
    Shopping centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    106,719 SF
    Class
    A

    Building Details

    Year Built
    2000
    Buildings
    1

    Unit(s) available at that property

    Space
    15560
    Size
    1,000 SF
    Space
    5078
    Size
    3,542 SF
    Space
    5035
    Size
    1,443 SF
    Space
    5058
    Size
    1,750 SF
    Space
    15713
    Size
    823 SF
    Space
    15502
    Size
    1,265 SF
    Space
    15620
    Size
    910 SF
    Space
    5010
    Size
    1,244 SF
    Space
    15690
    Size
    1,138 SF
    Space
    15520
    Size
    1,856 SF

    HighLights

    • Excellent mixed‑use property with office, retail, and apartment tenants.
    • 1355 apartments in the Post Addison Circle development.
    • Ample parking in multiple garages and on the street.
    • High‑traffic retail spaces available.
    • Prime Addison Events District location near Addison Circle Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Preston HT Property Management Company MAA Regional Office ... Apartment Building Sean Hassinger Orthopedic Surgeon Koupon Software Company tegan Website Designer

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Clothing Store Food Market Nail Salon Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8242962
    Latitude
    32.9614061

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    FAQs

    What type of property is this?
    Shopping center - Prime Addison Retail Space Available
    Where is this shopping center located?
    The property is located at 5040 Addison Cir Addison, TX.
    What are key features of this property?
    This property features: Excellent mixed-use property with office, retail, and apartment tenants.; 1355 apartments in the Post Addison Circle development.; Ample parking in multiple garages and on the street.
    Request Owner's contact information
    5040 Addison Cir Addison, TX 75001
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    Addison, TX 75001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5040 Addison Cir Addison, TX 75001
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