Promenade North Plaza Richardson, Texas

Property Overview

Promenade North Plaza is a 59,355 square foot multi-tenant retail center built in 1979 and situated on 4.228 acres of land. The Property is currently 93.39% occupied with a WALT of 3.18 years. Located in a prime commercial corridor of Richardson, TX, the property is surrounded by office buildings, retail centers, and dense residential neighborhoods. The asset is positioned between 3 major highways: Interstate 75, President George Bush Turnpike, and Interstate 635, providing easy access to the property for clients and business operations. Located just 10 miles north of Downtown Dallas, the property offers convenient access to the city's core business district. The area is densely populated, with a total daytime population of 601,301 within a 5-mile range. On top of a large population, the immediate residential area proliferates financially, with projected household income reaching over $151,000 by 2028. Major retailers and businesses encompass the area, including State Farm, Blue Cross Blue Shield, and Cisco Systems.

Investment Highlights