Richardson Heights_Property for Sale
Richardson Heights_Property for Sale
100 South Central Expressway, Richardson, TX, 75080, US

Richardson Heights

Asset Description

Jones Lang LaSalle (“JLL”), is pleased to exclusively present the opportunity to acquire Richardson Heights (the “Property”), a 201,433 square foot, 79% occupied infill shopping center located in Richardson, Texas. The Property is anchored by national, high performing tenants including Alamo Draft House, TJ Maxx and Half Priced Books - all tenured tenants that comprise of over 35% of the total rentable area. Positioned with 175 feet of highly visible frontage on US-75 within a dense neighborhood population in Richardson, the Property caters to over 148,000 residents within three miles.


Richardson Heights provides investors with immediate value-add opportunities through the lease up of the ~42K RSF and the ability to push rents currently 22% below market. The Property is offered Fee Simple without an asking price.

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Attributes

Building area net
18,714 m²
Occupancy
79%
Year built
1978
Land area net
6.82 ha (68,190 m²)

Media

Investment Highlights

  • Rare Infill Location
  • Immediate Mark-to-Market Opportunity
  • National, High Performing Tenant Base
  • Highly Trafficked Corner of US-75 & Belt Line Rd
  • 79% Occupied with ~42K RSF of Vacancy Lease Up
Richardson Heights 4_Property for Sale
Richardson Heights 4_Property for Sale

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Richardson Heights (0 Properties)

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Last updated
4 Jan 2024