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    FOR LEASE
    Strip malls

    1101 N Jupiter Rd, Richardson, TX 75081

    6,600 SF 0.63 ac lot Built 1980
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US82-4829963
    Property summary
    AI-generated overview

    Heritage Square Shopping Center, located at 1101 N Jupiter Rd in Richardson, Texas (75081), presents a unique investment opportunity. This 57,439 square foot retail center, situated in Dallas County, is a multi-tenant property with seven suites currently available. The center boasts a prime location at the northwest corner of Jupiter and Arapaho Roads, a high-traffic intersection in East Richardson. Surrounded by dense single-family residential neighborhoods, Heritage Square benefits from a strong customer base with a diverse demographic mix of Asian and Caucasian residents. Currently, 15,225 square feet of space is vacant, offering opportunities for various retail concepts. Spaces range from a minimum of 1,800 square feet to a maximum contiguous space of 4,500 square feet. Under new ownership, the property is undergoing planned aesthetic improvements, including landscaping enhancements, updated signage, and an overall revitalization of the center's atmosphere. The ownership group is actively seeking tenants in the food, dessert, and service sectors to complement the existing businesses and capitalize on the high traffic and loyal community presence. This is an exceptional opportunity to establish a presence in a thriving, well-established retail center within a densely populated residential area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1980
    Construction TILT-UP CONCRETE
    Total area 6,600 SF
    Lot 0.63 ac (27,614 SF)
    Zoning code Z137
    APN 42145200000020000
    UPID US82-4829963
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Snow White Cleaners & Tailors (Bike/Boat/Book/etc) Store
    • Mark L Ethridge, DDS Dental Office
    • Happy Nails Nail Salon
    • Studio 9 Barber Shop
    • msf-usa.org Motoring Club
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rp Arapaho & Jupiter Sc LP · 5 yrs held
    Rp Arapaho & Jupiter Sc LP
    since 2021
    3 recorded transactions
    2021
    2011
    2010
    Zoning & alternative use
    Z137 · Richardson, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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