6508 Skillman St Dallas, TX 75231
- Lifestyle centers
- 32,729 SF
- 5.09 lot acres
Current Use by Public Records
- Harbor Freight Tools / Tool Store / Hardware Store
- KeyExpress Locksmiths / Key Duplication Service / Locksmith
Property Details for 6508 Skillman St
- Year built
- 1971
- Lot size
- 5.09 lot acres
- Property size
- 32,729 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 32,729-square-foot shopping center in Dallas, Texas, presents a compelling value-add investment opportunity. Located at the intersection of Skillman Street and Abrams Road, this property boasts a prime location with excellent visibility and accessibility. Built in 1971 and situated on 5.09 acres, the center currently enjoys 71.62% occupancy with a diverse tenant mix including Harbor Freight Tools, Metro by T-Mobile, and Cindy's Discount Liquor. The property benefits from a strong parking ratio of 11.92 spaces per 1,000 square feet. The zoning is CR - Community Retail District. With a weighted average lease term of 4.32 years, this asset offers a staggered lease expiration schedule. The asking price is $6,750,000, translating to $206.24 per square foot. The property's strategic location within a thriving retail corridor, near major thoroughfares and prominent businesses like NorthPark Center and Texas Health Presbyterian Hospital Dallas, provides access to a substantial trade area with a population exceeding 380,750 within a 5-mile radius and a median household income of $69,456. This combination of factors makes this shopping center an attractive investment prospect for those seeking a value-add opportunity in a high-demand market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.7429
- Latitude
- 32.8653
