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Shopping Strip

Victory Shops at Forney

485 Marketplace Blvd, Forney, TX 75126

Listing Price: $7,166,600

Cap Rate
5.15%
Gross SF
11,351
Rentable SF
11,351
Price/Gross SF
$631.36
Lot Size
1.89 acres
Year Built
2018

Investment Overview

Victory Shops at Forney is a 100 percent occupied, 11,351-square-foot, multi-tenant retail center located in Forney, Texas. Tenants are a complementary mix of credit and local retailers, including My Eyelab, Empower Dental, Nail Lounge, Great Clips, and MOD Pizza. All leases are triple-net and include scheduled rent escalations during the primary term, as well as options for renewal with rent increases. The building is newer (2018) construction featuring an attractive architectural design and is situated on a 1.89-acre lot with concrete parking. Victory Shops at Forney benefits from a prime location in the area’s major retail trade area at the highly trafficked intersection of FM 548 and Highway 80, with traffic counts exceeding 75,000 vehicles per day. The center is shadow-anchored by a top performing Kroger Marketplace, ranking in the 94th percentile based on annual visitors to all Kroger stores in the state of Texas. Victory Shops at Forney is adjacent to more than 25 acres of land that is part of planned development projects that will feature additional retail and restaurant construction including a Kohl's-anchored center. The subject property is located in a dense retail trade area, neighbored by numerous national and regional tenants including Walmart, Lowe’s, AMC Theatres, Walgreens, CVS Pharmacy, O’Reilly Auto Parts, Starbucks, Chick-fil-A, Chili’s, ALDI, Golden Chick, Panera Bread, Smoothie King, Dollar General, Brookshire’s, and many others. An Amazon warehouse and distribution center and Goodyear Logistics Center, two of Forney’s top employers, are located approximately three miles southeast of the property.

Investment Highlights

  • 11,351-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by a Top Performing Kroger Marketplace Store | This Location Ranks #1 within a 15-Mile Radius, #2 within a 30-Mile Radius, and is in the 94% Percentile for the State of Texas Compared
  • Fully Stabilized Asset | 100% Occupied | Long-Term Triple-Net Leases
  • Well Positioned Along the Area's Major Retail and Traffic Corridor at the Intersection of FM 548 and Highway 80 | Highest Traffic Volumes in the Forney Trade Area | More Than 75,000 Vehicles per Day
  • Highly Affluent Area | Average Household Income is Approximately $108,780 within One Mile; $112,920 within Three Miles; and $112,870 within Five Miles

Exclusively Listed By

Shopping Strip

Victory Shops at Forney

Listing Price: $7,166,600

Cap Rate
5.15%
Gross SF
11,351
Rentable SF
11,351
Price/Gross SF
$631.36
Lot Size
1.89 acres
Year Built
2018

Investment Highlights

  • 11,351-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by a Top Performing Kroger Marketplace Store | This Location Ranks #1 within a 15-Mile Radius, #2 within a 30-Mile Radius, and is in the 94% Percentile for the State of Texas Compared
  • Fully Stabilized Asset | 100% Occupied | Long-Term Triple-Net Leases
  • Well Positioned Along the Area's Major Retail and Traffic Corridor at the Intersection of FM 548 and Highway 80 | Highest Traffic Volumes in the Forney Trade Area | More Than 75,000 Vehicles per Day
  • Highly Affluent Area | Average Household Income is Approximately $108,780 within One Mile; $112,920 within Three Miles; and $112,870 within Five Miles

Investment Overview

Victory Shops at Forney is a 100 percent occupied, 11,351-square-foot, multi-tenant retail center located in Forney, Texas. Tenants are a complementary mix of credit and local retailers, including My Eyelab, Empower Dental, Nail Lounge, Great Clips, and MOD Pizza. All leases are triple-net and include scheduled rent escalations during the primary term, as well as options for renewal with rent increases. The building is newer (2018) construction featuring an attractive architectural design and is situated on a 1.89-acre lot with concrete parking. Victory Shops at Forney benefits from a prime location in the area’s major retail trade area at the highly trafficked intersection of FM 548 and Highway 80, with traffic counts exceeding 75,000 vehicles per day. The center is shadow-anchored by a top performing Kroger Marketplace, ranking in the 94th percentile based on annual visitors to all Kroger stores in the state of Texas. Victory Shops at Forney is adjacent to more than 25 acres of land that is part of planned development projects that will feature additional retail and restaurant construction including a Kohl's-anchored center. The subject property is located in a dense retail trade area, neighbored by numerous national and regional tenants including Walmart, Lowe’s, AMC Theatres, Walgreens, CVS Pharmacy, O’Reilly Auto Parts, Starbucks, Chick-fil-A, Chili’s, ALDI, Golden Chick, Panera Bread, Smoothie King, Dollar General, Brookshire’s, and many others. An Amazon warehouse and distribution center and Goodyear Logistics Center, two of Forney’s top employers, are located approximately three miles southeast of the property.

Exclusively Listed By

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