1704 Orleans St Dallas, TX 75226

Property Details for 1704 Orleans St

Lot size

1.07 lot acres

Property size

15,000 SF

Property type

Refrigerated & Cold Storage

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a 15,000-square-foot, single-tenant net lease (STNL) cold storage industrial property situated on 1.07 acres in the heart of Dallas, Texas. Located at 1704 Orleans Street, zip code 75226, this property enjoys a prime location at the convergence of I-30 and I-45, within a designated Opportunity Zone. The tenant, Thomas Mushroom & Specialty Produce, a well-established business with multiple locations, has approximately five years remaining on their lease, with a five-year option to renew, featuring 3% annual rent increases in both the primary and option terms. This provides a stable and growing revenue stream of $228,351 in net operating income (NOI). The property benefits from ample outside storage and parking. Its strategic location near Deep Ellum, Fair Park, and the Cedars, within a high-barrier-to-entry infill market, offers significant long-term upside potential for future redevelopment or repositioning, given the surrounding concentration of multi-family, retail, office, and industrial assets. The net lease structure minimizes management responsibilities, making it ideal for passive or 1031 exchange investors. The property's address is 1704 Orleans St, Dallas, TX 75226, with APN 99071015550000000. This rare opportunity combines immediate income with substantial long-term growth potential in a thriving urban core.

Location Insight

City

Dallas

County

Dallas

State

Texas

Longitude

-96.7795

Latitude

32.7779