John W Carpenter Development

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Investment Overview

Marcus & Millichap is pleased to present John W Carpenter Development, a 22,286-square-foot development opportunity located at 7203 John W Carpenter Freeway in Dallas, Texas. This rare urban infill development opportunity is located approximately four-and-one-half miles from downtown Dallas via Interstate 35E. The subject property is located adjacent to the McDonald's/Chevron service station situated on the hard corner of West Mockingbird Lane and John W. Carpenter Freeway, which features over 116,000 vehicles per day offering prime visibility for the subject property. The high-demand immediate submarket features a vacancy rate of only 4.6 percent with a strong mix of national, regional, and local credit tenants that have the ability to service the Metroplex. The subject property features convenient access to major thoroughfares including Interstate 35E and TX-183, and is located less than four miles from Dallas Love Field Airport and 15 miles from Dallas-Fort Worth International Airport.

The city of Dallas has continuously been a target market for new development including retail, multifamily, and industrial to continue to meet the growing demand in the Dallas-Fort Worth metroplex. Factors such as recent corporate relocations, tax benefits, and the relatively low cost of living have driven more new residents to the Dallas-Fort Worth markets than ever before. In addition, the centralized location of the Metroplex, including the close proximity to major airports, access to major thoroughfares, and over 90 miles of a light rail system provides residents ease of access to multiple commuting options.

Overall, John W Carpenter Development provides a new developer or owner/user a rare development opportunity in a prime urban submarket of the city of Dallas, Texas. The close proximity to downtown Dallas, major airports, and ease of access to major highways allows the subject property to create a tremendous opportunity for a new development. The subject property is currently zoned Industrial Research (IR), which allows for light industrial, office, and supporting commercial uses.