Mattress Firm

Contact

Will Walters

214-675-3665

willwalters@duwestrealty.com

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Location

4826 Greenville Ave, Dallas, TX 75206

Price:  
$2,305,000
Cap Rate:  
6.25%
Description

The Mattress Firm is located near the intersection of Greenville Avenue and University Blvd. in Dallas, an intersection which boasts a dense daytime population of 33,000 people within a 1-mile radius. This location strategically pulls from the affluent neighborhoods of Highland Park and Lakewood, as well as several adjacent apartment and condominium communities that cater to nearby Southern Methodist University. This perfect storm of demographics creates a 1-mile household income average of $103,422. Running parallel to US Highway 75, Greenville Avenue sees 35,000 vehicles per day as it provides a key commuting route for the surrounding residents. The property sits directly across from Energy Square which currently totals 950,000 square feet of office space and ownership has plans to develop additional retail and office space. This addition would add to the already stellar foot traffic on Greenville Avenue.

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