2330 I-30 Mesquite, TX 75150
- Office Properties & Spaces
- 14,967 SF
- 1.24 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2330 I-30
- Year built
- 1987
- Lot size
- 1.24 lot acres
- Property size
- 14,967 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple interest in a 14,967-square-foot, single-story office building situated on a 1.24-acre lot in Mesquite, Texas. The property, built in 1987, boasts a prime location at the high-traffic interchange of Interstates 30 and 635 in Dallas County (zip code 75150). Currently 100% occupied by LEAF Commercial Capital, a subsidiary of M&T Bank (NYSE: MTB), this property offers a secure, passive income stream under an absolute NNN lease. The lease, commencing June 1, 2015, has a remaining term of 5.5 years, with two 5-year renewal options. The lease includes annual rent bumps of 1%, providing inflation protection and increasing yield over time. The current asking price is $3,705,000, representing a cap rate of 8.00% and a price per square foot of $247.54. The Net Operating Income (NOI) is $296,419. The tenant has consistently demonstrated commitment to the property through recent improvements to signage, awnings, and landscaping. This property offers a compelling investment opportunity in a high-growth Texas MSA, benefiting from the absence of a state personal income tax. The property's strategic location at a major interstate interchange ensures high visibility and accessibility. This is a rare chance to acquire a stable, long-term investment with a strong tenant and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.6327
- Latitude
- 32.8201
