6122 Interstate 30 Campbell, TX 75422-2807

Property Details for 6122 Interstate 30

Lot size

30.11 lot acres

Property type

Commercial real estate

APN

0346-0380-0000-17

APU

3460380000017

Description

This Campbell, Texas industrial property, located at 6122 E Interstate 30, presents a compelling value-add investment opportunity. The 8+ acre site boasts 110 parking spaces currently utilized for trucks, boats, and RVs, with a master lease in place for 70 spaces. The property enjoys a prime location directly on I-30, a major transportation artery within the Dallas Metro Area, experiencing high daily traffic volume (approximately 32,000 vehicles). The current NOI is $80,094, yielding a 7.05% cap rate, with a pro-forma NOI of $113,877 and a pro-forma cap rate of 10.08%. The asking price is $1,130,000, translating to a land value of $138,480 per acre. The existing leases are gross leases with a multi-tenant occupancy of 110, currently operating under a four-year lease term commencing December 1, 2022, and expiring January 31, 2025, leaving approximately 0.5 years remaining. The property offers significant potential for expansion and customization, given the ample undeveloped land. This asset is ideal for investors seeking strong cash flow and future appreciation in a high-growth area. The property is fully developed for its current use and presents a rare opportunity to acquire a well-positioned industrial parking facility in a strategic location.