Jenah Plaza II (FOR SALE)

Jenah Plaza II is a 100 percent occupied, 11,430-square-foot, multi-tenant retail center located in Irving, Texas. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Envision Imaging, Studio Salons, and Inchin's Bamboo Garden. Envision Imaging recently executed a 10-year lease extension. All leases are triple-net and include scheduled rent escalations. Constructed in 2012, the building is situated on 1.11-acre lot with concrete parking. The subject property is in a prime location, positioned near the intersection of Royal Lane and MacArthur Boulevard with close access to President George Bush Turnpike, Texas State Highway 114, and Interstate 635, all major north Texas thoroughfares. Traffic counts in front of the property on Royal Lane are approximately 11,988 vehicles per day. The center is located in a dense retail trade area, neighbored by numerous national and regional tenants including Kroger, Home Goods, Target, Total Wine & More, Whole Foods Market, Modern Market Eatery, CAVA, Nothing Bundt Cakes, Jamba Juice, Bread Zeppelin, Pie Five Pizza, Five Guys, la Madeleine, In-N-Out Burger, RaceTrac, Wing stop, Concentra, and many more.

Sale Price: $5,233,300

Building Size: 11,430 SF

Lot Size: 1.11 Acres

Price / SF: $457.86

Cap Rate: 6.0%

NOI: $313,998

Year Built: 2012

Kroger, Home Goods, Target, Total Wine & More, Whole Foods Market, Modern Market Eatery, CAVA, Nothing Bundt Cakes, Jamba Juice, Bread Zeppelin, Pie FivePizza, Five Guys, la Madeleine, In-N-Out Burger, RaceTrac, Wingstop, Concentra and many more.

• 11,430-Square-Foot, Multi-Tenant Retail Center Located in the Highly Desirable Irving, Texas Submarket of Las Colinas
• 52% of the Gross Leasable Area is Medical (Envision Imaging) | Tenant Recently Exercised a 10-Year Lease Extension

• Fully Stabilized Asset | 100% Occupied | Long-Term, Triple-Net Leases | All Leases Include Scheduled Rent Escalations

The subject property is in a prime location, positioned near the intersection of Royal Lane and MacArthur Boulevard with close access to President George Bush Turnpike, Texas State Highway 114, and Interstate 635, all major north Texas thoroughfares. Traffic counts in front of the property on Royal Lane are approximately 11,988 vehicles per day. The center is located in a dense retail trade area, neighbored by numerous national and regional tenants including Kroger, Home Goods, Target, Total Wine & More, Whole Foods Market,Modern Market Eatery, CAVA, Nothing Bundt Cakes, Jamba Juice, Bread Zeppelin, Pie FivePizza, Five Guys, la Madeleine, In-N-Out Burger, RaceTrac, Wingstop, Concentra, and many more.Jenah Plaza II is also in close proximity to multiple hotels and office campuses, includingMicrosoft Corporation, McKesson Corporation, Citi Group, Gartner Inc., AT&T CorporateOffices, CVS Caremark Corporate Office, providing additional traffic. The surrounding area benefits from excellent demographics, serving a population of more than 210,509 residents within a five-mile radius. The average household income is $110,775 within one mile;$110,382 within three miles; and $98,320 within five miles.Las Colinas was one of the first planned communities in the United States and was once the largest mixed-use development in the South, with a land area of more than 12,000-acres. Over 30 Fortune 500 companies are in the immediate area, home to more than2,000 companies including Fortune 500 global headquarters for Commercial Metals,ExxonMobil, Fluor, Kimberly-Clark, Mission Foods, Trend Micro and La Quinta Inns andSuites due to its central location and proximity to Dallas/Fort Worth International Airport

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Tenants: Studio Salons, Envision Imaging, Inchin's Bamboo Garden