6523 Abrams Rd Dallas, TX 75231
- Lifestyle centers
- 5,432 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 6523 Abrams Rd
- Property size
- 5,432 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Dallas retail property, located at 6523 Abrams Rd, 75231, offers 5,432 square feet on a 15,390 square foot lot. Currently operating at 100% occupancy with four units, this Class C shopping center boasts a strong NOI of $103,805, yielding a 7.69% cap rate and a pro-forma cap rate of 9.36%. The asking price is $1,550,000, translating to $248.53 per square foot. The property is a multi-tenant NNN lease structure. Its prime location across from the US Post Office and near major thoroughfares like NW Hwy, US-75, and IH-635 ensures high visibility and accessibility. Benefit from a daily traffic count of 34,240 vehicles and proximity to numerous national retailers, restaurants, and banks, including JC Penney, Sam's Club, Walmart, Target, and more. The property is conveniently located just one-tenth of a mile south of the Abrams and Skillman intersection and twelve minutes from Dallas's central business district. A significant portion of the property's value is attributed to the land, with a land value of $1,350,000 per square foot. There is 1,148 square feet immediately available for lease.
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
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.7445
- Latitude
- 32.8636
