Pending
$14,560,000
7.5% cap · 55,990 sq ft RBA · Class B
1449 Mockingbird Ln
Dallas, TX 75208
Listed 3 months ago$260/sq ft
01 / 05
For SaleHospitality
$17,550,000
8841 N Henderson Ave
Preston Hollow · Dallas, TX 75208
$349/sq ft77 days on market1.5K views57 saves
Key facts
- Interior
- 50,280 sq ft
- Lot
- 2.56 acres
- Year built
- 1988
- Property type
- Hospitality
- Price / sq ft
- $349/sq ft
- Annual taxes
- $305,370
- Days on market
- 77
Getting around
Walk Score33
Car-Dependent
Transit Score22
Minimal Transit
Bike Score45
Somewhat Bikeable
About this property
A Ground Lease asset in Dallas with real durability behind the rent roll. 4 tenants spread the credit risk, and the Ground Lease structure limits landlord exposure. A rare basis in Preston Hollow at this quality tier.
Investment summary
Investment summary
Cap rate
8.90%
Net operating income ÷ price
Net operating income
$1,561,950
Annual, after operating expenses
Cash-on-cash
+10.3%
$543,408 annual cash flow on $5,265,000 equity
Occupancy83%
41,732 sq ft leased of 50,280 sq ft
- Tenants
- 4
- Rentable area
- 50,280 sq ft
- Price / sq ft
- $349/sq ft
- WALE
- 2.1 yrs
- Lease type
- Ground Lease
- Building class
- Class B
- Zoning
- C-3
- Parking
- 50 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $1,018,542 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Systems & Efficiency
- Backup Generator
- Sprinkler System
Parking & Access
- On-Site Parking
Highlights
- Turnkey Buildout
- NNN Leases in Place
- Below-Market Rents
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2015-11-15 | Sold | $14,755,000 |
| 2026-05-09 | Listed | $17,550,000 |
Location
Preston Hollow, Dallas — Dallas County
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Approximate location · Preston Hollow
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Estimated monthly
$118,387/mo
- Principal & interest74%$87,821
- Property tax21%$25,448
- Home insurance4%$5,119
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $14,040,000 · 30 yr · 6.40%
