Merriman Park
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Merriman Park
2 Retail Properties Offered at £5,281,538 in Dallas, TX
Investment Highlights
- Value-Add Opportunity: 71.62% occupied
- Excellent Location: Positioned at a major intersection in Dallas near multiple retail centers
- Ample Parking: Parking Ratio 11.92 per 1,000 sf
- Staggered Lease Expirations: WALT of 4.32 years
Executive Summary
Merriman Park (the “Property”) is a 32,729 square foot shopping center located at the intersection of Skillman Street and Abrams Road in Dallas, Texas. Built in 1976 and sitting on 5.09 acres, the property is currently 71.6% occupied by a tenant mix of local and national retailers such as Harbor Freight Tools, Metro by T-Mobile, and Cindy’s Discount Liquor. The property offers connectivity to a major intersection that connects two highly trafficked north-south thoroughfares that run through East Dallas.
This connectivity extends further to Northwest Highway, which offers access to both East Dallas and the Park Cities. Due to the center’s centralized location, the surrounding trade area boasts robust demographics with a total population exceeding 380,750 within a 5-mile radius and median household incomes of $69,456. This submarket is home to various major retailers and prominent businesses, including NorthPark Center and Texas Health Presbyterian Hospital Dallas, among others. This prime location makes the property highly desirable for businesses seeking visibility and accessibility in a dynamic and thriving retail landscape.
This connectivity extends further to Northwest Highway, which offers access to both East Dallas and the Park Cities. Due to the center’s centralized location, the surrounding trade area boasts robust demographics with a total population exceeding 380,750 within a 5-mile radius and median household incomes of $69,456. This submarket is home to various major retailers and prominent businesses, including NorthPark Center and Texas Health Presbyterian Hospital Dallas, among others. This prime location makes the property highly desirable for businesses seeking visibility and accessibility in a dynamic and thriving retail landscape.
Property Facts
| Price | £5,281,538 | Number of Properties | 2 |
| Price / SF | £92.53 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 57,080 SF |
| Status | Active | Total Land Area | 5.74 AC |
| Price | £5,281,538 |
| Price / SF | £92.53 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 57,080 SF |
| Total Land Area | 5.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Merriman Park Shopping Center
6510-6536 Skillman St, Dallas, TX 75231 |
Retail | 33,594 SF | 1961 | - |
| 6504-6508 Skillman St, Dallas, TX 75231 | Retail | 23,486 SF | 1961 | - |
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