5455 Belt Line Rd, Dallas, TX, 75248, US

Work/Shop

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer Work/Shop (the “Property”), a mixed-use asset comprising 84,489 SF of restaurant, retail, and entertainment; 67,215 SF of boutique, fully renovated office space with patios and golf course views; and a 4.12-acre development site with entitlements for multifamily, seniors, office and hotel uses. With a blended occupancy of 87% and WALT of 6.7 years, the existing Property features steady, long-term income with significant upside potential via the redevelopment of the north portion of the site into a 480-max-unit midrise apartment complex.

This strategic densification opportunity will further enhance and activate the mixed-use hub, promote natural synergies with the office and retail components, and drive rents and occupancies across asset classes.

Located along Belt Line Road, the Property sits in one of Dallas-Fort Worth's highest performing food and beverage retail corridors. It also benefits from its position within one of the city's most desirable office submarkets, surrounded by North Dallas's affluent consumer and employment base.

...

Attributes

Building area net

14,094 m²

Occupancy

87.4%

WALT

6.7 years

Media

Investment Highlights

Compelling Future Upside
Robust 5.5% retail CAGR, Multi-use development site (with zoning in place), and opportunities upon ground lease expirations of EPR & Mesero
Vibrant & Resilient Retailer Makeup
Desirable mix of trendy restaurants, service oriented retail, and investment-grade credit (EPR Properties, BBB-) EVO entertainment center
Boutique, Best-of-the-Best Office Asset in Top-2 Submarket
67K SF asset in Lower Tollway submarket, one of Dallas’ best performing and most desirable office submarkets
Affluent Consumer Base
Five Nearby Exclusive Country Clubs, $136K Average Household Income, and $39M Consumer Spending Power (all within a 15-minute drive)