116 - 118 W Irving Blvd Irving, Texas

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116 - 118 W Irving Blvd

Address

116 - 118 W Irving Blvd
Irving, TX 75060

Executive Summary

116–118 W Irving Blvd (the “Property”) is a two-tenant retail asset located in the heart of Irving’s revitalized Heritage District, a pedestrian-friendly, historically rich area in Irving, Texas. Originally built in 1959, the 2,850-square-foot property is fully occupied by two tenants: a Pilates studio and a vape shop. The vape shop is secured on a three-year lease, while the Pilates studio recently signed a five-year lease, resulting in a blended Weighted Average Lease Term (WALT) of approximately 2.96 years.

Positioned just off Main Street, the property benefits from strong visibility and walkability in a growing corridor filled with locally owned restaurants, specialty retailers, and service-based businesses. The surrounding blocks have seen steady reinvestment and adaptive reuse activity, reflecting the city's broader commitment to revitalizing the district.

Investment Highlights

Revitalized Heritage District Location: Situated in Irving’s walkable Heritage District, the property benefits from over $109 million in public and private investment since 2015, including major streetscape improvements, infrastructure upgrades, and historic preservation efforts.

Proximity to Heritage Park and DART Station: Steps from the newly renovated $6.5 million Heritage Park and the Downtown Irving/Heritage Crossing DART Station, the property enjoys year-round visibility and accessibility for both local residents and commuters.

Stable, Service-Oriented Tenancy: Fully leased to a Pilates studio and a vape shop, both on multi-year terms, providing reliable income with an average WALT of 2.96 years. The service-based tenancy is less vulnerable to e-commerce disruption.

Walkable, Amenity-Rich Corridor: Located off Main Street, the site is surrounded by a dense mix of local restaurants, retailers, salons, and civic spaces, increasing organic foot traffic and long-term tenant demand.

Proven Municipal Commitment to the Area: The City of Irving has demonstrated long-term commitment to revitalizing the Heritage District through capital projects, zoning support, and active land ownership—creating a stable and improving investment environment.