Henry's Majestic

SRS National Net Lease Group is pleased to present a premier redevelopment opportunity in the heart of Dallas, Texas. This offering includes the fee-simple interest (land and building ownership) in a strategically positioned property with existing absolute NNN retail tenancy, providing investors with stable interim income during the planning and entitlement phase. The property’s PD zoning designation unlocks significant upside potential, specifically accommodating multifamily or townhome development. With flexible zoning already in place, investors and developers have the opportunity to capitalize on the thriving residential market demand in this dynamic urban corridor. In the near term, investors benefit from secure cash flow with zero landlord responsibilities under an absolute NNN lease structure, currently featuring more than 8 years remaining and additional renewal options. Annual rent escalations and FMV adjustments further strengthen interim cash flow and offer protection against inflation, providing an attractive holding scenario during the entitlement and pre-development period. This unique offering represents a compelling covered land play, ideal for visionary developers seeking to capture long-term value through residential redevelopment in one of Dallas’s most sought-after neighborhoods.