OFFERING MEMORANDUM
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3178 Lavon Drive
Garland, TX 75040
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Property Type:
Commercial Property -
Lot Size:
±14.48 acres
Commercial Property For Sale in Garland, TX
±150,000 SF Shopping Center in DFW
Property Description
This online Auction Plus event is for Firewheel Village, a ±148,870 SF retail shopping center located in one of the top performing retail submarkets in the DFW metroplex. The property boasts a 97% occupancy rate.
Property highlights/features as follows:
- Credit anchor tenants: Hobby Lobby, Big Lots, Mardel
- Below market rental rates
- Originally constructed in 1995; massive renovation completed in 2002
- Solid in-place NOI: $1,003,230
- 80% of GLA occupied by credit tenants
- 647 total parking spaces; parking ratio of 4.35/1000
Please review all due diligence documents and terms of sale in the downloadable documents section below.
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: WestMark Commercial, TX license #9000344
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented “as is,” and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
How to Buy
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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2Search & SelectOur website features different assets - Real Estate and REIT shares. Utilize our advanced search criteria to narrow down your selection.
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3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
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4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
BID NOT ACCEPTED
Your bid is below the minimum bid of US $8,999,000
BID NOT ACCEPTED
Your bid must be at or above the next acceptable bid of %s.
CURRENT HIGH BID: US $0
Minimum Bid Increment: US $1,000
BID NOT ACCEPTED
Your bid must be at or above the next acceptable bid of %s.
CURRENT HIGH BID: US $0 per share for shares.
Minimum Bid Increment: per share
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