Infill Dallas Former Drive Thru Bldg
12900 Coit Road
Dallas, TX 75251
Price: $2,800,000Cap Rate: N/ANOI: $28 psf/yr NNNBuilding SF: 3,995 SFLot Size: 1.08 ACYear Built: 2005Status: Available
INVESTMENT HIGHLIGHTS:
HUGE TRAFFIC OFF INTERSTATE 635 ALONG MAJOR CORRIDOR
- Ideally situated at the on/off ramp to Interstate 635 along Coit Road
- High Traffic:
- Coit Road: 44,210 cpd
- Interstate 635: 270,380 cpd
POTENTIAL FOR MULTIPLE 2ND GENERATION USES – REDEVELOPMENT OPPORTUNITY
- Due to its ideal location off Interstate 635, the dense population and several trade area generators, the subject property lends itself to several 2nd generation uses:
- Retail: Including bank or credit union, restaurant or QSR, automotive
- Medical Office: The abundance of parking and accessibility presents the opportunity to a professional medical office or dialysis
- City or County Office: The central location in N. Dallas offers a potential office for a City or County building – easily accessible to Dallas Residents
- Mixed Use Redevelopment: Ability to redevelop and go vertical with a mixed use building with commercial on the ground floor and either office or residential above
SEVERAL MAJOR HOTELS WITHIN ONE-MILE RADIUS
- Including Residence Inn by Marriott, Embassy Suites by Hilton, Comfort Suites North Dallas and the Westin Dallas Park Central, a 4-star hotel located directly across the Coit Road
DENSELY POPULATED TRADE AREA
- Several nearby apartment buildings within a one-mile radius including The Briscoe, Crest at Park Central Apartments, 7900 At Park Central Apartments and The Reserve At North Dallas
- 404,514 population within a 5-mile radius
SURROUNDED BY SEVERAL NATIONAL RETAILERS AND TRADE AREA GENERATORS
- Costco anchored shopping center located directly adjacent to the subject property
- Surrounded by several national retailers including Jack in the Box, In N Out, McDonalds, Whataburger, Popeyes, Raising Canes, CVS, Exxon and many others
MEDICAL CORRIDOR CREATING SIGNIFICANT DAYTIME POPULATION
- Medical City Dallas Hospital, a major regional hospital, is located just south of the property creating a significant built-in customer base
- Huge daytime population with over 601,525 people in the 5-mile radius
LOW PRICE PSF FOR LARGE ONE ACRE PARCEL IN NORTH DALLAS
- Low price of $59 psf for a large 1+ acre parcel of irreplaceable underlying real estate in highly sought after N. Dallas
