Comerica Bank

Comerica Bank

Mesquite, TX

Mesquite, TX

Comerica Bank

Marcus & Millichap is pleased to present the opportunity to acquire a Comerica Bank ground lease located at 18965 LBJ Freeway in Mesquite, Texas. The property consists of a 1.44-acre parcel positioned as an outparcel to a high-traffic retail center attracting over 4.8 million annual visitors. This offering provides investors with the rare chance to secure a passive, long-term ground lease to a top 25 U.S. bank by total assets, backed by strong corporate credit and minimal landlord responsibilities.

Price $2,319,000
Cap Rate 6.00%
Building Size 4,070 sqft
Lot Size 1.44 acres
Year Built 2005
Offering Memorandum

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Recent 5-Year Renewal – Corporate Ground Lease
  • Outparcel to Marketplace at Towne Centre – 4.8 Million Annual Visitors
  • Large 1.44-Acre Parcel Along Interstate 635 (156,624 Vehicles Per Day)
  • Built-In Consumer Base – 3,700+ Apartment and Townhome Units in the Immediate Area and North Mesquite High School
  • Limited Branch Saturation – No Other Comerica Branch Within Five Miles
  • More Than 334,000 Residents Within a Five-Mile Radius – Located in the Rapidly Growing Dallas–Fort Worth Metroplex
  • Comerica Bank – Investment Grade Tenant (S&P:BBB+)

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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