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Shopping Strip

Shops at North Murphy

1015 N Murphy Rd, Murphy, TX 75094

Listing Price: $4,432,000

Cap Rate
6.00%
Gross SF
7,782
Rentable SF
7,782
Price/Gross SF
$569.52
Lot Size
0.78 acres
Year Built
2019

Investment Overview

Shops at North Murphy is a 7,782-square-foot, multi-tenant retail center situated on a 0.78-acre fee simple parcel in the affluent suburban community of Murphy, Texas, within Collin County—one of the fastest-growing and most economically dynamic regions in the Dallas-Fort Worth Metroplex. Constructed in 2019, the property is currently 100 percent occupied by a synergistic mix of medical and service-based retailers, including Murphy Dental, Bloom Pediatric Dentistry, Donut Bliss, and Paradise Nails. Designed with modern storefront retail and office configurations, the building features four suites and serves as the sole multi-tenant retail center at its specific intersection, sharing convenient access with an adjacent 7-Eleven.

The subject property is strategically positioned at the intersection of North Murphy Road and Betsy Lane, a highly trafficked thoroughfare handling over 28,100 vehicles per day. The site is located just one mile north of Farm to Market Road 544, the city's primary commercial corridor which sees over 43,000 vehicles daily and features major national retailers such as Walmart, Target, Lowe's, and Sprouts Farmers Market. The center benefits from its immediate proximity to a strong educational cluster, including McMillan High School, Murphy Middle School, Hunt Elementary, and Boggess Elementary, which collectively serve more than 4,000 students. This dense concentration of schools, along with the nearby Tom Kimbrough Stadium, generates significant daily traffic and provides a consistent consumer base for the property's service and medical tenants.

Investment Highlights

  • 100% OCCUPIED BY NNN TENANTS
  • E-COMMERCE RESISTANT MEDICAL & SERVICE MIX
  • EXCEPTIONALLY AFFLUENT DEMOGRAPHICS WITH $172K AVERAGE HOUSEHOLD INCOME
  • STRONG DAILY TRAFFIC FROM NEARBY SCHOOLS

Exclusively Listed By

Financing By

Shopping Strip

Shops at North Murphy

Listing Price: $4,432,000

Cap Rate
6.00%
Gross SF
7,782
Rentable SF
7,782
Price/Gross SF
$569.52
Lot Size
0.78 acres
Year Built
2019

Investment Highlights

  • 100% OCCUPIED BY NNN TENANTS
  • E-COMMERCE RESISTANT MEDICAL & SERVICE MIX
  • EXCEPTIONALLY AFFLUENT DEMOGRAPHICS WITH $172K AVERAGE HOUSEHOLD INCOME
  • STRONG DAILY TRAFFIC FROM NEARBY SCHOOLS

Investment Overview

Shops at North Murphy is a 7,782-square-foot, multi-tenant retail center situated on a 0.78-acre fee simple parcel in the affluent suburban community of Murphy, Texas, within Collin County—one of the fastest-growing and most economically dynamic regions in the Dallas-Fort Worth Metroplex. Constructed in 2019, the property is currently 100 percent occupied by a synergistic mix of medical and service-based retailers, including Murphy Dental, Bloom Pediatric Dentistry, Donut Bliss, and Paradise Nails. Designed with modern storefront retail and office configurations, the building features four suites and serves as the sole multi-tenant retail center at its specific intersection, sharing convenient access with an adjacent 7-Eleven. The subject property is strategically positioned at the intersection of North Murphy Road and Betsy Lane, a highly trafficked thoroughfare handling over 28,100 vehicles per day. The site is located just one mile north of Farm to Market Road 544, the city's primary commercial corridor which sees over 43,000 vehicles daily and features major national retailers such as Walmart, Target, Lowe's, and Sprouts Farmers Market. The center benefits from its immediate proximity to a strong educational cluster, including McMillan High School, Murphy Middle School, Hunt Elementary, and Boggess Elementary, which collectively serve more than 4,000 students. This dense concentration of schools, along with the nearby Tom Kimbrough Stadium, generates significant daily traffic and provides a consistent consumer base for the property's service and medical tenants.

Exclusively Listed By

Financing By

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