Description

DuWest Realty Investment Services has been exclusively retained to present the opportunity to acquire Live Oak & Liberty Retail Shops (“The Property”), a core, infill retail center in an irreplaceable location adjacent to downtown Dallas. The 7,084 square foot center is 100% occupied with six newly executed leases and the tenancy is service-oriented and internet- resistant.

Since 2010, the population in the 1-mile radius has grown by 61% from 19,000 to nearly 33,000. This is due in large part to several large-scale multifamily developments in the immediate trade area. Moreover, the daytime population in the square mile swells from 31,000 to 110,000 people. Located immediately adjacent to the Property is The Gabriella, a luxury mixed-use high rise anchored by Tom Thumb and delivered in 2021. Within one mile of the property is a new development known as The Epic. The four buildings include 251,606 square feet of office space, the Pittman Hotel, The Hamilton residential building, and 18,000 square feet of high- end retail. Other notable market drivers are Baylor Hospital and the famed entertainment district Deep Ellum, and the Dallas Arts District.

The Property features six leases with contractual rental increases in urban Dallas, infill location. As the area continues to add multi-family density, this neighborhood shopping center continues to benefit from increased walkability & a loyal customer base. As new hotels mixed- use developments and fine arts districts grow, this property will hold value for years to come.

The acquisition of Live Oak & Liberty Retail Shops offers investors a unique core opportunity in Dallas, Texas. With all of the development activity in the immediate submarket, the Property presents a secure covered land play as well for any investor looking for a stable long-term investment.