3538-3542 Airport Fwy, Irving, TX 75062
- Retail properties & Spaces
- 35,439 SF
- 1.63 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 3538-3542 Airport Fwy
- Year built
- 1994
- Lot size
- 1.63 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional retail investment opportunity presents a fee simple interest in a 35,439 square foot storefront property located at 3538-3542 W. Airport Freeway, Irving, Texas 75062. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $284,541. Anchored by Dollar Tree and Ollie's, both operating under 10-year NNN leases with rent bumps, this multi-tenant property offers passive management and significant upside potential. Built in 1994, the property sits on a 1.63-acre lot with 82 parking spaces and is zoned S-P-1 Site Plan (Detailed). Its strategic location within Irving Square, anchored by Lowe's and across from a 1 million square foot Irving Mall, provides excellent visibility and access to a dense population. The property benefits from proximity to major national credit tenants and enjoys direct access to State Highway 183, experiencing a high volume of 194,400 vehicles per day. This is a rare opportunity to acquire a well-positioned, income-producing retail asset with publicly traded corporate tenants. The asking price is $3,925,000, translating to $110.75 per square foot. The property's APN is 322284600A0020000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Irving
- County
- Dallas
- State
- Texas
- Longitude
- -96.9972
- Latitude
- 32.8347
