Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area
Land Area

Property Description

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to exclusively present the rare opportunity to acquire the fee simple interest under Gateway Plaza, with a long term ground lease to a publicly traded REIT, located in Southlake, Texas at one of Dallas Fort-Worth’s most highly sought after intersections: State Highway 114 and Southlake Boulevard. The land is currently improved by a diverse 365,266 square foot shopping center, comprised of a rolodex of anchor tenants including Kohls, Bed Bath & Beyond, TJ Maxx, Old Navy and Buy Buy Baby. This project is subject to an existing ground lease with 54.3 years remaining (expiration December 2074), providing the investor with contractually increasing stable cash flow.


The irreplaceable real estate is located at the intersection of Southlake Boulevard and State Highway 114 in DFW’s demographic leading submarket, Southlake, Texas. The site is located 1.4 miles from Southlake Town Center and is in close proximity to the major thoroughfares of DFW (SH-114, SH-121, I-35, and I-635) as well as the large corporate campuses of Deloitte, Charles Schwab and Fidelity Investments, among others. Dallas-Fort Worth ranks as one of the top MSA’s in the country for job creation and projected population growth; the opportunity to acquire the fee simple interest under Gateway Plaza at the epicenter of one of the country’s fastest growing cities presents a truly rare generational opportunity.

Investment Highlights

·      54.3 years remaining (expires December 2074)

·      $1,881,715 current annual rent with 12% increases every five years

(next rent bump: Jan-24, $2,107,521)

·      38.64 acres

·      Best-of-the-best demographics

·      #1 MSA for projected population growth

·      Stable, increasing cash flow stream

Last Updated Date: 08 Oct 2020
Barry Brown
Barry Brown
Senior Managing Director, Retail Group Leader
License details
AL-000066272-0 CO-EA.100005864 MS-B17703 OK-140058 TX-0267878

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 08 Oct 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.