557 E US Highway 80 - Retail FOR SALE


Forney, TX 75126- Forney/Combine
$5,216,000 USD
214-335-4068
557 E US Highway 80, Forney, TX for Sale
$5,216,000 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

557 E US Highway 80
Forney, TX 75126
Forney/Combine


HIGHLIGHTS

  • 100% Leased 2024 Construction 3-Tenant Retail Center in Booming Submarket of Forney, Texas
  • Average Primary Lease Term of Nine (9) Years with All Three (3) Tenants Experiencing Built in Rent Escalations During Primary Term
  • Exceptional Visibility to Highway 80, Shallow Bay Depth, Partial Masonry Construction & Outdoor Patio for Brass Tap
  • Average Household Income Exceeds $115,700, $132,500 and $128,800 in a One, Three and Five Mile Radius, Respectively
  • Across Highway 80 from Over 800,000 SF of Restaurant, Retail and Entertainment GLA with Occupancy Rate Over 98.50% (CoStar)
  • Population Increased by Over 706% since 2000 in Five Mile Radius

OVERVIEW

Brass Tap, Charisma Dental & Evolve Dermatology is a 9,037 square foot retail center located on Highway 80 situated approximately 20 minutes east of Downtown Dallas in the quickly growing DFW submarket of Forney, Texas. The Property was constructed in 2024 and is 100% leased to a complementary mix of medical and restaurant tenants including Brass Tap, Evolve Dermatology & Charisma Dental. The average base lease expiration is March 2034 with all tenants experiencing rent escalations during their primary terms. Brass Tap, Charisma Dental & Evolve Dermatology benefits from excellent visibility to Highway 80 , shallow bay depth, partial masonry construction and an outdoor patio for Brass Tap. Notable national retailers in close proximity include Walmart, Kroger, Lowe’s, Brookshires, CAVA, Panera Bread, UPS, Torchy’s Tacos, T-Mobile and CVS amongst others.

FOR SALE DETAILS

PRICE

$5,216,000 USD

PRICE/SF

$577 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

557 East US Highway 80

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

F1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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