1600 Airport Fwy Irving, TX 75062
- Warehouses
- 20,800 SF
- 4.08 lot acres
Current Use by Public Records
- Avis Car Sales / Car Dealer / Motor Vehicle Dealer
Property Details for 1600 Airport Fwy
- Year built
- 2005
- Lot size
- 4.08 lot acres
- Property size
- 20,800 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a two-building, 20,800-square-foot industrial property situated on 4.08 acres of fully paved land in Irving, Texas. The property boasts a prime location with 315 feet of frontage on IH 183, benefiting from over 150,000 daily traffic counts and convenient access to major highways including IH 114, IH Loop 12, IH 35, IH 30, and IH 20 (all within a 10-minute drive). Currently leased to Avis Car Sales, a well-established tenant with a strong credit rating, the property features a single-tenant NNN lease with a 5.82% cap rate. The lease, expiring May 30, 2028, includes two five-year renewal options with a 2% annual rent increase. Building 1 comprises approximately 6,800 square feet of fully climate-controlled office space, while Building 2 offers approximately 13,400 square feet of industrial service facility space. The property is zoned for Commercial Outdoor District 2, within the 183 Overlay district, and includes 15 dock-high doors. The tenant has a one-time right to terminate the lease without penalty, effective December 31, 2025, provided written notice is given by June 30, 2025. This property offers a stable income stream with significant upside potential due to below-market rent and strong tenant history. The asking price is $6,250,000.
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
- Irving
- County
- Dallas
- State
- Texas
- Longitude
- -96.9253
- Latitude
- 32.836
