350 Royal Ln Irving, TX 75039

Property Details for 350 Royal Ln

Year built

1982

Construction

TILT-UP CONCRETE

Lot size

8.23 lot acres

Property size

182,919 SF

Zone code

Z393

Property type

Showrooms

APN

320874900A0010000

APU

320874900A0010000

Description

This exceptional 159,478 square foot, multi-tenant office building, located at 350 E Royal Ln, Irving, TX 75039, presents a compelling investment opportunity. Constructed in 1982, this Class A flex building sits on an 8.23-acre lot in the Dallas County, Texas area and boasts a remarkable 96% occupancy rate. A significant portion (22%) is currently occupied by Cal Closet's retail operations under a brand new 10-year NNN lease. The property benefits from an attractive NNN lease structure across all tenants, with an average rental rate of $11.14 per square foot, offering strong replaceability. The strategic location within a synergistic flex/light manufacturing corridor, coupled with convenient access to both HWY 114 and HWY 161 (PGBT), ensures high visibility and accessibility. The high trade area, situated off Royal Lane (over 13,000 vehicles per day), further enhances its appeal. The average household income within a 3-mile radius is $119,214, significantly above the national average. The property features a staggered lease turnover and an average remaining lease term exceeding 5 years, providing long-term stability and predictable cash flow. This fully stabilized flex property represents a rare opportunity to acquire a high-performing asset in a prime location.

Location Insight

City

Irving

County

Dallas

State

Texas

Longitude

-96.9411

Latitude

32.8941

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments