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

Calloway's Nursery - Dallas

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 1.75-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.

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Attributes

Asking Price
£5,494,000
Building area Gross
35,000 sf
Occupancy
100.00%
Year built
2020
Cap Rate
5.00%
NOI
£275,000

Media

Investment Highlights

  • Rare1.73 AC infill real estate along the coveted Greenville Avenue corridor, one of the most sought-after areas in the region
  • Regional leader in nursery & landscaping with nearly 30 locations, 40 years of experience, and $100+ million in revenues
  • 174,000 people reside within 3-miles of the Asset, earning average household incomes of $137,000
  • The tenant’s unique industry results in high barriers to entry, minimal competition, and greater investment security
Calloway's Nursery - Dallas 4_Property for Sale
Calloway's Nursery - Dallas 4_Property for Sale

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Calloway's Nursery - Dallas (0 Properties)

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Last updated
11 Apr 2023