425 Pinson Rd - Retail FOR SALE


Forney, TX 75126- Forney/Combine
$3,320,000 USD
214-987-9808
425 Pinson Rd, Forney, TX for Sale
$3,320,000 USD
Retail - FOR SALE
1/7
null | 6.5% Cap Rate

425 Pinson Rd
Forney, TX 75126
Forney/Combine


HIGHLIGHTS

  • Rare Brookshire’s Shadow Anchored Shopping Center in Dallas MSA
  • Small Tenant Spaces – Most of the Tenants Occupy Less Than 2,000 SF
  • Low Rent/SF – Average Rent is $14.83/SF
  • Low Price Point for a Shopping Center in Dallas MSA
  • High Income and High Growth Area – Average Household Income is $130,000+ in a 5-Mile Radius
  • Dense Thoroughfares – Over 15,000 Vehicles Per Day Drive in Front of the Center (Pinson Rd) and Over 78,000 VPD Drive Hwy 80

OVERVIEW

Forney Plaza is a 100% occupied shopping center located adjacent to the Brookshire’s grocery store in Forney, TX (Dallas MSA). All of the leases are NNN and the property contains a healthy layout of historically strong tenants. 7 of the 11 tenants have been at the property for over 10 years. 5 of the those tenants have been at the property for approximately 20 years which shows commitment to the property and the strength of the local retail market. Situated on 1.46 acres of land, the property was constructed in 1984. The roof is metal with a rubber coating and the parking lot is concrete. This property is a rare opportunity to acquire a shopping center in one of the most explosive growth areas in the country with below market rents. This shopping center is located on Pinson Rd, a high traffic area of Forney with over 15,000 vehicles per day. It’s also located one block from Hwy-80 which has over 78,000 vehicles per day. Forney’s trade area population is 153,715 (2023 Study) and has a projected population to be 177,488 in 2027. In a 5-mile radius of the property, there has been a 128% increase in population since 2010 (approximately 60,000 population increase).

FOR SALE DETAILS

PRICE

$3,320,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forney Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

-

APN/PARCEL ID

6570

ASK ABOUT THIS PROPERTY

Will MerrittMerritt Capital PartnersMore Info
214-987-9808

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Will MerrittMerritt Capital PartnersMore Info
214-987-9808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.