DRAFTPROS, LLC. (GARLAND, TX)
By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.
- Brand New Triple-Net Lease in Place
- Outside Storage Area: Six-Inch Concrete Foundation and Fenced Area
- Subject Asset is Proximate to Highway 78, Downtown Garland and DART Downtown Garland Station
- Seller Reports Recently Installed 5 Ton HVAC Unit
- Two Total Dock High Doors, Three Grade Level Doors and 480V Power
- Interior Office Space was Remodeled in 2019
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 717 East Walnut Street in Garland, Texas, leased to DraftPros, LLC. The subject property consists of approximately 23,608 square feet of space and is situated on 1.27 acres of land. The subject property features fenced-in outside storage with six-inch concrete foundation. The subject asset is proximate to Highway 78, Downtown Garland, and DART Downtown Garland Station. Tenant DraftPros, LLC has signed a brand-new triple-net lease through August 31, 2022. Founded in 1998, DraftPros’ company focus is to provide quality design, engineering, and construction services to the wireless and wireline telecommunications industry. Partners include: Verizon Communications, Comcast Communications, FP & L Fibernet, and AT&T. (draftprosinc.com)
As the 12th largest city in Texas, Garland is less than 30 minutes from DFW International and Dallas Love Field airports, and is connected to the DART Rail. It is ranked first in the state of Texas for housing affordability. Garland prides itself on business development and lower taxes, with no personal income tax, no state property tax, no local occupation tax, no local wage tax, and no gross receipts tax. CoStar reports 5.30 percent annual rental growth in the Northeast Dallas/Garland Submarket. Major businesses in the area include Kraft, Sherwin Williams, Resistol, U.S. Food Service, Atlas Copco, and Plastipak.
The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.