Mockingbird Park

DuWest Realty Investment Services is pleased to present the opportunity to acquire the leasehold interest for Mockingbird Park ("the Property"). The Property is three stories above ground and offers 52,640 square foot of leasable space, currently 100% occupied and anchored by Recess Fitness. Located on the hard corner along heavily trafficked Mockingbird Lane and Greenville Avenue, this shopping center sees a combined traffic count of over 65,000 cars per day. The Property is well served by a diverse and highly educated population of nearly 200,000 people within 3-miles. The immediate affluent submarket demos serving the property are equally as impressive with over 28,600 in daytime population and an average household income of $163,000 in the 1-mile radius.

Ideally situated at one of the top intersections in Dallas, The Property offers the community a one- stop lifestyle shopping center featuring a healthy tenant balance of medical, fitness and daily services. The property has seen solid leasing momentum in recent years, with new leases totaling 70% (36,944 square feet) that have been executed since 2020. The in-place rents are generally at market levels and 14 of the 22 existing tenants feature contractual rental increases in their term. The irreplaceable location, visibility and tenant mix make Mockingbird Park the perfect one-stop shop for the neighborhood it serves.

Mockingbird Park is a core asset at the hard corner of a Top 20 intersection in Dallas. The A+ location plus the ability to push market rents create value for new ownership as does a projected remaining cash flow of over $30,000,000 and 20 years remaining on the ground lease presenting a rare opportunity for investors to acquire a high-quality retail property that generates consistent income at a heavily trafficked Dallas intersection.