The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest of the Shops at Terrell, a ±7,428 square foot three-tenant retail strip center located at 1270-1278 FM 148, Terrell, TX.
The Shops at Terrell completed construction in 2022 and is 100% leased to a complimentary mix of service-based businesses which includes Lotus Nail Bar, Texas Tiny Teeth Pediatric Dentistry and Orthodontics, and Jimmy John’s. All three tenants are on long term 10-year net leases which feature attractive 10% rental increases during the primary term. This opportunity will provide investors risk adjusted yields, long-term sustainable cash-flow, and protection from inflationary forces in one of the most desirable markets in the country.
The Shops at Terrell is an outparcel to a 275,000 sqft power center, Crossroads at Terrell, and is surrounded by a wide variety of national retailers and restaurants including Hobby Lobby, Academy Sports and Outdoors, Ross Dress for Less, Five Below, Ulta, Dutch Brothers Coffee, Chick-fil-a, Whataburger, Starbucks, Raising Canes, Spec’s and many more. This prominent and growing retail corridor is situated along Interstate 20 and Spur 557 and has become a hotspot for development. The tenant mix at the Shops at Terrell will benefit from immediate proximity to 1700+ existing and proposed multi-family unit apartments, the new City Convention Center & Hotel (2025 est. opening), and the 50-acre development site owned by Baylor Scott & White, the largest not-for-profit healthcare system in Texas.
The city of Terrell is in Kaufman County Texas, a rapidly growing submarket of Dallas-Fort Worth. The city has grown by nearly 30% in the past decade, and Kaufman County grew by more than 40% between 2010 and 2020. The Dallas-Fort Worth metroplex is the nation’s 4th largest metro area with 7.9 million residents and is the nation’s 5th fastest growing metro area. According to a 2023 study by Site Selection Group, DFW is projected to have a population of 8.47 million by 2028 which represents an 8.64% growth rate.