US - Lubbock, TX
IDR 150,575,888,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc.(“JLL”) is pleased to offer for sale a new construction, single tenant Calloway’s Nursery (the “Property” or “Asset”) offering in Dallas, TX. The Asset is strategically positioned on a 1.75-acre parcel in one of Dallas’ most affluent communities. The Asset has a coveted location fronting Greenville Avenue across from Royal Oaks Country Club, 8 miles northeast of Downtown Dallas. The surrounding area offers a unique mix of commercial properties including a premier hospital, country club, office buildings, apartment communities and dense, affluent demographics. Calloway’s is the premiere nursery & gardening retailer in the Dallas region, operating in 27 locations throughout the area and generating $102 million in annual revenues.
Calloway’s has 18.5 years of term remaining on an original 20-year absolute NNN lease with contractual increases and three (3) 5-year renewal options. This Asset provides investors the opportunity to acquire a property with an irreplaceable location in the heart of Dallas offering long-term, stable cash flow, with zero management responsibility.