Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1987
Building Area Net
Land Area Net ()
Occupancy 99.0 %

Property description

Jones Lang LaSalle ("JLL") is pleased to exclusively offer Irving Market Center (the "Property"), a 99% leased, 237,058 square foot shopping center with unbeatable visibility directly off TX-183 at the heavily trafficked intersection of W Airport Freeway & Cheyenne St in Irving, Texas. The Property, anchored by Best Buy, PetSmart and Ross Dress for Less offers stable cash flow from a robust national tenant roster accounting for 90% of the in-place cash flow boasting an average tenant tenure of 17 years drawing well over 2.1 MM annual visitors and 4 years of remaining WALT. Irving Market Center provides investors with the unique investment opportunity to acquire a high-performing power center with a reliable cash flow, robust national tenant mix, and multiple value enhancement opportunities including the ability to spin off multiple single and multi-tenant pads at accretive cap rates.

Investment highlights

Dense Trade Area Centered between Dallas and Fort Worth

Premier Tenant Roster Generating 2.1M+ Visitors Top 20% of Shopping Centers Nationally

Highly Visible Along Highway 183 with 195,400 VPD

87% Cash Flow from National Credit Tenancy With a WALT of 4+ Years

Value-Creation Opportunities Via Pad Sell Down Opportunities as Debt Matures

Loyal Rent Roll With 17 weighted average years of Tenant Tenure

Last Updated Date: 14 Jul 2022

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Last Updated Date: 14 Jul 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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