Calloway's Nursery - Dallas, TX_Property for Sale
Calloway's Nursery - Dallas, TX_Property for Sale
7600 Greenville Ave, Dallas, TX, 75231, US

Calloway's Nursery - Dallas, TX

Asset description

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 1.73-acre parcel 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. Since 2010, the surrounding 1-mile population has grown by nearly 20%. To support this growth, more than 2,000 apartment & assisted living units have been delivered within four blocks of the Asset since 2021 alone.

 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. The Tenant has 16+ 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.

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Attributes

Building area gross
3,252 sm
Occupancy
100%
Year built
2020
Land area gross
0.7 ha
WAULT
16.5 years

Media

Investment highlights

High Growth Market:

The surrounding 1-mile area has seen a 19% population growth since 2010


Leading Pro-Business Environment:

#1 State for doing business 17 years in a row


Strong Local Demographics:

172,000 people reside within 3-miles of the Asset, earning average household incomes of $125,000


Irreplaceable Real Estate:

Rare 1.75 AC infill real estate along the coveted Greenville Avenue corridor, one of the most sought-after areas in the region


Industry Leading Tenancy:

Regional leader in nursery & landscaping with nearly 30 locations, 40 years of experience, and $100+ million in revenues


Niche Product With High Barriers To Entry 

The tenant’s unique industry results in high barriers to entry, minimal competition, and greater investment security  

Calloway's Nursery - Dallas, TX 4_Property for Sale

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Last updated
Jan 23, 2025