SOLD
Secure Net Lease Brokers $5M Sale Of Grand Prairie Retail Building Triple-Net-Leased To Shake Shack
1550 Mayfield Road
Retail
3,380 SF
3,380 SF
Sold 124 days ago
Summary
Sale
TEXAS
Retail
3,380 sqft
An undisclosed seller has brokered the sale of a 3,380-square-foot retail building located at 1550 Mayfield Road in Grand Prairie, Texas. The property, triple-net-leased to Shake Shack, was sold for $5 million. Matthew Scow of Secure Net Lease represented the seller, while Sandi Hunter of Retail Link Associates represented the buyer in the transaction, who utilized a 1031 exchange.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 1550 Mayfield Road, Grand Prairie, Texas
- Market: Grand Prairie
- Asset Type: Retail
- SF: 3,380
- Buyer's Representative: Sandi Hunter - Retail Link Associates
- Seller's Representative: Matthew Scow - Secure Net Lease
In this $5 million deal, an undisclosed seller sold a 3,380-square-foot retail building in Grand Prairie, Texas. The property was triple-net-leased to Shake Shack. Matthew Scow of Secure Net Lease represented the seller in the transaction, while Sandi Hunter of Retail Link Associates represented the buyer, who utilized a 1031 exchange.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: Matthew Scow
DATE: 01/05/2024
ADDRESS: 1550 Mayfield Road
MARKET: Grand Prairie
ASSET TYPE: Retail ~ SF: 3,380
BUYER'S REP: Sandi Hunter - Retail Link Associates
SELLER'S REP: Matthew Scow - Secure Net Lease
SALE PRICE: $5,000,000
SF: 3,380 ~ PPSF: $1,479
NOTE: Secure Net Lease brokered the $5 million sale of a 3,380-square-foot retail building in Grand Prairie, Texas, triple-net-leased to Shake Shack. The undisclosed seller was represented by Matthew Scow, and the buyer, utilizing a 1031 exchange, was represented by Sandi Hunter of Retail Link Associates.View on map
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Address1550 Mayfield Road
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