1101 Carrier Pkwy Grand Prairie, TX 75050-3382

Property Details for 1101 Carrier Pkwy

Year built

1984

Construction

FRAME

Lot size

0.57 lot acres

Property size

7,448 SF

Zone code

Z97

Property type

Strip malls

Property subtype

Neighborhood centers

APN

28088500200110000

APU

28088500200110000

Description

The Promenade on Carrier, a 7,430 square foot Class B shopping center in Grand Prairie, Texas, presents a compelling value-add investment opportunity. Located at 1101 N Carrier Pkwy, this single-story, 1984-built property (renovated in 2014) sits on a 0.57-acre lot and boasts a prominent location directly across from Family Dollar and Crosswinds High School. The property features six units with 46% occupancy, offering significant upside potential. Its multi-tenant configuration provides diverse income streams. The convenient location within a densely populated residential area, near single-family and multifamily homes, ensures consistent foot traffic, further amplified by its proximity to multiple schools. The property includes 30 parking spaces and a distinctive pylon sign for enhanced visibility. Recent façade enhancements contribute to a modern and inviting aesthetic. The property is zoned GR and offers 7,430 square feet of net rentable space. This NNN-leased shopping center is an ideal investment for those seeking a strong foothold in the Grand Prairie market. The property's prime location and recent improvements make it an attractive option for a variety of retail businesses. The existing tenant mix provides a solid foundation for future growth and increased profitability. This is a chance to acquire a well-positioned retail property with significant potential for value creation.