1700 Airport Fwy Irving, TX 75062

Property Details for 1700 Airport Fwy

Year built

1989

Construction

FRAME

Lot size

1.35 lot acres

Property size

2,100 SF

Property type

Office buildings

APN

320701300A02R0000

APU

320701300A02R0000

Description

This exceptional investment opportunity presents a 1,500 square foot office and warehouse property situated on a 1.4-acre lot in Irving, Texas. Located at 1700 E. Airport Freeway, this single-tenant property boasts excellent visibility and freeway access, with over 150,000 daily vehicles passing by. The property is currently leased to Voyager Global Mobility under a NNN lease expiring April 29, 2029, with a built-in 3.5% annual rental escalation. This provides a stable income stream and significant yield growth throughout the lease term. The property features a 1,500 square foot office space and ample paved land, ideal for various uses. The property benefits from its strategic location, providing easy access to major highways including IH 183, IH 114, Loop 12, IH 35, IH 30, and IH 20, all within a 10-minute drive. The asking price is $2,325,000, representing a compelling 6.75% cap rate. The property is zoned for Commercial Outdoor District 2, within the 183 Overlay District. The lease includes one five-year renewal option with a 3.5% annual increase. This property offers a unique opportunity to acquire a high-quality asset with a strong tenant and below-market rent, in the largest MSA in Texas. Built in 1986, this property offers a significant return on investment with its prime location and stable lease. The property also features pole signage for enhanced visibility.

Location Insight

City

Irving

County

Dallas

State

Texas

Longitude

-96.9242

Latitude

32.8363

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments