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Shopping Strip

Forney Retail Center

476 Farm to Market 548, Forney, TX 75126

Listing Price: $7,550,000

Cap Rate
6.22%
Gross SF
15,042
Rentable SF
15,042
Price/Gross SF
$501.93
Lot Size
2.52 acres
Year Built
2023

Investment Overview

Forney Retail Center is a 100 percent leased, 15,042-square-foot, multi-tenant retail center located in the high growth Dallas suburb of Forney, Texas. Tenants are a complementary mix of national, regional, and local retailers, including Nothing Bundt Cakes, HotWorx, Wingstop, Treasure Pets Veterinary Hospital, Lemon Drop Nail Salon, and Queen Donuts. All leases are triple-net ,and many include scheduled rent escalations during the primary term, as well as options for renewal with rent increases. The building is new 2023 construction featuring an attractive architectural design, situated on a 2.52-acre lot with concrete parking.

The subject property is located near the intersection of FM 548 and College Avenue (FM 741). The property benefits from ingress and egress points from both roads, and cumulative traffic counts exceed 22,093 vehicles per day. Adjacent pad sites include a new Salad and Go, 7-Eleven, iCare ER Urgent Care and Scooters Coffee. A new Tom Thumb grocery store and multi-tenant retail center are currently under construction directly across the street from the property. National and regional retailers in close proximity include Marco's Pizza, McDonald's, Firestone Complete Auto Care, RaceTrac, Chipotle, Raising Cane's Chicken Fingers, CVS, Jack in the Box, Chick-fil-A, Wendy's, and many others. Forney High School, with a current enrollment of approximately 2,008 students, is located directly behind the subject property, with several other school campuses in close proximity, driving additional traffic to the area. The surrounding area is experiencing high growth and benefits from strong demographics. The average household income within one mile of the subject property is $130,508; $115,926 within three miles; and $111,078 within five miles. Additionally, more than 78,643 people reside within a five-mile radius.

Investment Highlights

  • New 2023 Class 'A' Construction Situated on 2.52 Acres
  • Shadow Anchored by a Highly-Anticipated Tom Thumb Grocery Store | Estimated to Open Summer of 2024 Along with 20,000+ Square Feet of Retail Space on the Northeast Quadrant of FM 548 and College Avenue
  • 100% Leased | Long-Term Triple-Net Leases | Majority Include Annual Rent Escalations During the Primary Terms, Providing Year-Over-Year Income Growth
  • Situated on FM 548 Near Signalized Intersection of College Avenue | Cumulative Traffic Counts are Approximately 22,093 Vehicles per Day
  • Highly Affluent Surrounding Area | Average Household Income is Approximately $130,508 within One Mile; $115,926 within Three Miles; and $112,147 within Five Miles

Exclusively Listed By

Shopping Strip

Forney Retail Center

Listing Price: $7,550,000

Cap Rate
6.22%
Gross SF
15,042
Rentable SF
15,042
Price/Gross SF
$501.93
Lot Size
2.52 acres
Year Built
2023

Investment Highlights

  • New 2023 Class 'A' Construction Situated on 2.52 Acres
  • Shadow Anchored by a Highly-Anticipated Tom Thumb Grocery Store | Estimated to Open Summer of 2024 Along with 20,000+ Square Feet of Retail Space on the Northeast Quadrant of FM 548 and College Avenue
  • 100% Leased | Long-Term Triple-Net Leases | Majority Include Annual Rent Escalations During the Primary Terms, Providing Year-Over-Year Income Growth
  • Situated on FM 548 Near Signalized Intersection of College Avenue | Cumulative Traffic Counts are Approximately 22,093 Vehicles per Day
  • Highly Affluent Surrounding Area | Average Household Income is Approximately $130,508 within One Mile; $115,926 within Three Miles; and $112,147 within Five Miles

Investment Overview

Forney Retail Center is a 100 percent leased, 15,042-square-foot, multi-tenant retail center located in the high growth Dallas suburb of Forney, Texas. Tenants are a complementary mix of national, regional, and local retailers, including Nothing Bundt Cakes, HotWorx, Wingstop, Treasure Pets Veterinary Hospital, Lemon Drop Nail Salon, and Queen Donuts. All leases are triple-net ,and many include scheduled rent escalations during the primary term, as well as options for renewal with rent increases. The building is new 2023 construction featuring an attractive architectural design, situated on a 2.52-acre lot with concrete parking. The subject property is located near the intersection of FM 548 and College Avenue (FM 741). The property benefits from ingress and egress points from both roads, and cumulative traffic counts exceed 22,093 vehicles per day. Adjacent pad sites include a new Salad and Go, 7-Eleven, iCare ER Urgent Care and Scooters Coffee. A new Tom Thumb grocery store and multi-tenant retail center are currently under construction directly across the street from the property. National and regional retailers in close proximity include Marco's Pizza, McDonald's, Firestone Complete Auto Care, RaceTrac, Chipotle, Raising Cane's Chicken Fingers, CVS, Jack in the Box, Chick-fil-A, Wendy's, and many others. Forney High School, with a current enrollment of approximately 2,008 students, is located directly behind the subject property, with several other school campuses in close proximity, driving additional traffic to the area. The surrounding area is experiencing high growth and benefits from strong demographics. The average household income within one mile of the subject property is $130,508; $115,926 within three miles; and $111,078 within five miles. Additionally, more than 78,643 people reside within a five-mile radius.

Exclusively Listed By

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