1501 Pioneer Rd Mesquite, TX 75149-6032
Property profile & analytics
1501 Pioneer Rd, Mesquite, TX 75149-6032
- Grocery and convenience stores
- 54,240 SF
- 6.77 lot acres
Property ID
US82-2795724
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- MedEx STD Testing Center / Std Testing Service / Hiv Testing Center
- Plumbing Mesquite Texas / HVAC Service / General Contractor
- ecoATM / Recycling Center / Atm
- Tom Thumb Pharmacy / Pharmacy
- Tom Thumb / Grocery & Convenience Store / Food Market
Property Details for 1501 Pioneer Rd
- Year built
- 1999
- Construction
- TILT-UP CONCRETE
- Lot size
- 6.77 lot acres
- Zone code
- Z97
- Property type
- Grocery and convenience stores
- APN
- 38012960010010000
- APU
- 38012960010010000
Description
This exceptional investment opportunity presents a fee-simple, 54,252 square-foot Albertsons grocery store located at 1501 Pioneer Rd, Mesquite, TX 75149, within the Dallas County. The property boasts a corporate-guaranteed lease with Albertsons Companies, Inc., offering an absolute triple-net (NNN) structure with zero landlord responsibilities. The current lease, commencing July 1, 2019, has a remaining term of approximately 14.6 years, extending to June 30, 2039, with eight five-year renewal options. The property, built in 2000 and situated on a substantial 330,069-square-foot lot, enjoys 100% occupancy and generates a strong net operating income (NOI) of $722,679, resulting in a compelling 5.42% cap rate. The asking price is $13,333,799, translating to $245.78 per square foot. Regular rent bumps are included in the lease. This single-story Class A building benefits from a prime location in Mesquite, a thriving city within the Dallas-Fort Worth metroplex, known for its robust retail sector and strong demographics. The property's long-term history of success, coupled with the secure lease terms and attractive financial metrics, makes it an ideal addition to any investment portfolio. The property is offered as a 1031 exchange opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,705,000 Current use
- COMMERCIAL (GENERAL)
- $7,565,000 Change: +33% Conversion: Easy
- RESTAURANT
- $7,030,000 Change: +23% Conversion: Easy
- AUTO REPAIR, GARAGE
- $6,750,000 Change: +18% Conversion: Difficult
- OFFICE BUILDING
- $6,420,000 Change: +13% Conversion: Easy
- MEDICAL BUILDING
- $5,030,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.5856
- Latitude
- 32.7462
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$306,421
$1,180,300
$11,945,780
$13,126,080
-
$1,180,300
$11,945,780
$13,126,080
