Technical
Financial
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Property profile

1406 W Walnut St Garland, TX 75042

FOR LEASE
Grocery and convenience stores
Property ID
US82-3700062
62,994 SF 13.39 ac lot Built 1968
Entity Owned Absentee Owner Free & Clear
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1406 W Walnut St, Garland, TX 75042 For Lease
$3,265,000 107,400 SF available
1406 W Walnut St, Garland, TX 75042
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the Garland Towne Center at 1406 W Walnut St, Garland, TX 75042, in Dallas County. The property offers a single, vacant storefront space totaling 3,814 square feet, ideal for a variety of retail uses. The center boasts a strong tenant mix, including popular national brands such as Kroger Signature, Planet Fitness, Cato, Pollo Regio, and McDonald's, ensuring high foot traffic and visibility. This strategic location benefits from its proximity to major thoroughfares, providing excellent access for customers. The Garland Towne Center serves a substantial trade area encompassing nearly 144,000 residents and over 45,000 households within a three-mile radius. A key advantage is Kroger's presence as the sole grocery store in an underserved retail market, guaranteeing a consistent customer base. The property is categorized as retail and land, with a commercial storefront subtype, and is part of a larger 107,400 square foot center. This presents a unique chance to establish a thriving business in a high-demand area with established anchors and a large potential customer base. The property is easily accessible and situated in a densely populated area, making it an attractive investment for businesses seeking high visibility and strong sales potential.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1968
Construction TILT-UP CONCRETE
Total area 62,994 SF
Lot 13.39 ac (583,399 SF)
Zoning code Z239
APN 262074900101R0000
UPID US82-3700062

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Locksmith
  • (Bike/Boat/Book/etc) Store Florist
  • Electronics Vending Machine
  • Atm Currency Exchange Service
  • Pharmacy

Location

1406 W Walnut St Garland, TX 75042
Garland metro Census 18802 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.27M

Owner & transaction history

Zoning & alternative use

Z239 · Garland, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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