Midway Commons II 13701 Midway Rd Local commercial 608 m² 100 % Loué À vendre Farmers Branch, TX 75244 3 090 417 € (5 081,72 €/m²)

Marcus & Millichap is pleased to exclusively offer for sale Midway Commons II, a stabilized multi-tenant retail shopping center located at 13701 Midway Road, Farmers Branch, Texas (Dallas MSA). The subject property is 100 percent occupied with a staggered lease turnover rate, featuring a line up of all restaurant tenants of regional and national credit, including Tacos Sambrositos, C Poke Bowls, Jimmy John's, and Pizza Hut. The subject property also features prime Midway Road frontage, which boasts over 50,000 vehicles per day. Midway Commons II is also well-situated in a strong demographic submarket, adjacent to private schools Parish Epsicopal School, which tuitions exceed $37,000 annually, and Greenhill School which tuitions exceed $41,000 annually, and an average household income of over $114,000 within a three-mile radius.
The city of Farmers Branch, Texas is home to over 4,000 companies and 250 corporate headquarters, including BSN Sports LLC, TD Industries Inc., Scout and Cellar, Iidon Security, Taco Bueno, SoftLayer Technologies, and Brinks. The city prides itself on providing the opportunity for a high-quality life for employees and residents. Farmers Branch is a dynamic powerhouse business center in North Dallas, centrally located in the Metroplex. The City is bordered by two interstate highways and two toll roads and is less than 15 minutes from both Dallas/Fort Worth International Airport and Dallas Love Field. In addition, the service provided by the Dallas Area Rapid Transit's Light Rail Green Line further enhances Farmers Branch's reputation as a premier transportation hub for North Texas.
Overall, Midway Commons II provides a new investor the rare opportunity to acquire a stabilized multi-tenant retail asset in Farmers Branch, Texas, a prosperous major submarket directly adjacent to the city of Dallas. With 100 percent occupancy and staggered lease turnover of national and regional credit restaurant tenants, along with prime Midway Road frontage, this creates an ideal opportunity for a new investor to capture rising rents in this submarket over time. The subject property is located in a strong demographic area near prestigious private schools and affluent households. This investment opportunity also benefits from its position within a thriving business hub that offers exceptional connectivity, supported by major highways, toll roads, and the DART Light Rail Green Line.