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613 & 617 Uptown BlvdCedar Hill, TX 75104
Uptown Center
Asset ClassRetail
overview of deal

Overview

Retail Units: 9

Year Built: 2005

Retail NRA (SF): 22,844±

Lot Size (Acres): 2.738±

Current NOI: $427,393

Price/SF: $267.30

Current Cap Rate: 7.01%

Occupancy: 100%

Asking Price: $6,100,000

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Investment Highlights

Prime Location in the Best Southwest Area

  • Cedar Hill is conveniently located just 16 miles southwest of downtown Dallas, making it an accessible suburb. It is part of the Best Southwest area, which also includes the cities of DeSoto, Duncanville, and Lancaster, offering a well- connected and vibrant community.

Foot Traffic Fueling Robust Retail Demand

  • Shadow-anchored by Walmart Supercenter at the intersection of J Elmer Weaver Freeway (Highway 67) and FM 1382, with daily traffic of approximately 103,200 vehicles. Uptown Center is surrounded by numerous national and regional retailers, including Target, JCPenney, Kroger, and Best Buy, creating a dense retail trade area. Significant foot traffic generated by Walmart and nearby retailers drives strong demand for retail units at the property.

Metropolitan Population Bolstering Retail Demand

  • The Dallas-Fort Worth Metroplex, now home to over 7.9 million people, has experienced a 20% population increase over the past decade, adding more than 1.2 million residents. This growth is set to continue, with projections suggesting the population could reach nearly 10 million by 2035. As the region expands, retail foot traffic is rising, driven by a robust economy and enhanced infrastructure. This trend positions the Dallas-Fort Worth area as a prime market for retail investment, with growing demand for retail spaces translating into higher sales and occupancy rates.

100% Occupied Asset

  • The property is currently fully occupied, highlighting the strong demand for this location and providing new ownership with the opportunity to maintain stabilized occupancy throughout the designated hold periods.

Attractive Multi-Tenant Property with Ample Parking

  • The property spans 2.7 acres and includes two multi-tenant buildings featuring attractive architecture and durable metal roofing. It also offers a concrete parking lot with ample parking space, enhancing convenience for tenants and visitors. The building is well maintained and offers an opportunity with minimal deferred maintenance.

 

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613 & 617 Uptown BlvdCedar Hill, TX 75104

Sales Team

Sam FinklerSenior Director, National Investment Sales(646) 663-6007sfinkler@besenpartners.com
Jennifer D. SteinBroker of Record(213) 446-5366jstein@jenniferstein-realestate.com
Paul J. NigidoSenior Financial Analyst(646) 424-5350pnigido@besenpartners.com
Jared E. RehbergDirector of Marketing Operations(646) 604-7022jrehberg@besenpartners.com
Ronald H. CohenChief Sales Officer(646) 424-5317rcohen@besenpartners.com
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Listing provided by Revere CRE