Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Building Supply
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Locksmith (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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