W. PIONEER – GRAND PRAIRIE, TX

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HIGHLIGHTS

  • Sold in Q1  2020
  • At Intersection Of SPUR-303 & PGBT (+75k VPD)
  • In Close Proximity To: Lockheed Martin Campus (2,809 Employees) & Dallas Baptist University (5,319 Students)
  • 15-Year (13+ Year Remain), Corporate absolute NNN Lease, with 10% Rent Increases Every 5-Years in Primary Term & Options, Starting Year 11

 

 


PROPERTY – 1401 W. PIONEER PKWY, GRAND PRAIRIE, TX (DALLAS/FORT WORTH)
New 3,000 +/- SF building on 1.62 +/- acre site

Sold in Jan 2020 / Built in 2017

7-Eleven is strategically located at the southwest corner of Spur – 303 “Pioneer Pkwy.” and TX – 161 “President George Bush Turnpike” service road (54,241 VPD) in southwest Grand Prairie, TX. With over 75 VPD at this intersection, the subject 7-Eleven stands to gain from capturing vast amounts of traffic. Spur – 303 is a local commercial corridor and the longest highway spur in Texas, connecting to other highways such as TX-360 and PGBT. TX-161 “President George Bush Tollway” is a 52-mile toll road that forms a partial loop, around the northern areas of Dallas, TX. 


TRAFFIC COUNTS

  • Spur-303 “Pioneer Pkwy.” 20,509 VPD
  • TX 161 ” PGBT” 54,241 VPD

LEASE OVERVIEW
  • Lease Type: Corporate Absolute NNN
  • Rent Increase: 10% Every 5 Years, Beginning Year 11
  • Net Operating Income: $202,314