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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3538-3542 Airport Fwy Irving, TX 75062

35,439 SF 1.63 ac lot Built 1994
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1994
Total area 35,439 SF
Lot 1.63 ac (71,003 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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