2865 Valley View Ln, Dallas, TX 75234
- Outlet malls
- 27,820 SF
- 1.71 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 2865 Valley View Ln
- Year built
- 1974
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.71 lot acres
- Zone code
- Z141
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 24114250010010000
- APU
- 24114250010010000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 1, 2024 | — | Wichita Falls Self Storage LLC | Big Fbtx Owner LLC | Deed | $1.9M · Commercial Bank Of Texas NA |
| Aug 29, 2023 | — | Blbo Tenant LLC | Big Fbtx Owner LLC | Lease | — |
Description
This exceptional investment opportunity presents a fee-simple, 29,036 square foot Big Lots convenience store and grocery store in Farmers Branch, Texas. Located at 2865 Valley View Ln, 75234, this property boasts a 20-year absolute NNN lease with a corporate guarantee from Big Lots, Inc. (NYSE: BIG), ensuring consistent income with a 2% annual rent increase. The property sits on a 73,811 square foot lot and currently enjoys 100% occupancy, generating a strong net operating income (NOI) of $177,234, representing a 6.25% cap rate. The asking price is $2,835,751 ($97.66/sq ft). The property is offered as a 1031 exchange opportunity and is free and clear of debt. The strong demographics within a five-mile radius (over 333,000 population, average household income exceeding $93,000) further enhance the investment's appeal. The large lot size presents potential for future value-add opportunities, such as pad development, subject to tenant approval. This is a rare chance to acquire a well-positioned, high-performing retail asset with significant long-term growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $960,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $997,000
Market price range: $997k - $2.43M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Farmers Branch
- County
- Dallas
- State
- Texas
- Longitude
- -96.8827
- Latitude
- 32.9252
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
