3538-3542 Airport Fwy Irving, TX 75062
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.