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    1601 E Trinity Mills Rd, Carrollton, TX

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    Newly constructed mixed-use project with high traffic visibility.

    Type:RETAIL
    Property size:
    40,000 SF
    Lot size:
    2.85 Acres
    Price / SF:
    $212/SF
    Added:
    Feb 6, 2023
    Days on Market:
    1218
    Last Refresh:
    May 20 at 9:41 pm

    Property Features for 1601 E Trinity Mills Rd

    General Information

    Standard status
    Active
    Size
    40,000 SF
    Lot size
    2.85 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matthew Rosenfeld
    Matthew Rosenfeld

    Listing agent Matthew Rosenfeld License #678298

    Listing office The Rosenfeld Company

    Listing date Feb 6, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Rosenfeld Company

    HighLights

    • Visible and accessible location on E Trinity Mills Road.
    • Located along the heavily‑trafficked President George Bush Turnpike.
    • Traffic counts exceeding 111,000 vehicles per day.
    • Newly constructed.
    • Mixed‑use project.
    • Address: 1601 E Trinity Mills Road.

    Overview

    Trinity Highlands is a newly constructed mixed-use project located at 1601 E Trinity Mills Road. The property benefits from a visible and accessible location along the heavily-trafficked President George Bush Turnpike, a major east-west thoroughfare with traffic counts exceeding 111,000 vehicles per day. The property size is 40,000 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $964.8k $24.12
    − Vacancy −$46.3k −$1.16
    EGI $918.5k $22.96
    − OpEx −$275.5k −$6.89
    NOI $642.9k $16.07
    40,000 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $9.18M
    $8.04M – $10.72M (±1% cap)
    NOI $642,943 @ 7.0% cap · market cap 7.56%
    Second Best
    Mixed Use
    $7.71M
    $6.75M – $9.00M (±1% cap)
    NOI $540,000 @ 7.0% cap · market cap 6.35%
    Theoretical Best
    Specialty Retail
    $9.84M
    $8.61M – $11.48M (±1% cap)
    NOI $688,867 @ 7.0% cap · market cap 8.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mills Pointe Shopping Center — 2810 E Trinity Mls Rd, Carrollton, TX 75006
    • Midway Mills Crossing — 2650 Midway Rd, Carrollton, TX 75006
    • The Marketplace at Frankford — 2650 Midway Rd Ste 140/240, Dallas, TX 75006
    • Bent Tree Plaza — 2655 Midway Rd, Carrollton, TX 75006
    • Gigi’s Lash Loft — Unnamed Road, Carrollton, TX 75006

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Denton
    State
    Texas
    Longitude
    -96.896
    Latitude
    32.9856

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    FAQs

    What type of property is this?
    Shopping center - Newly constructed mixed-use project with high traffic visibility.
    Where is this shopping center located?
    The property is located at 1601 E Trinity Mills Rd Carrollton, TX.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: Visible and accessible location on E Trinity Mills Road.; Located along the heavily‑trafficked President George Bush Turnpike.; **Traffic counts exceeding 111,000 vehicles per day.**
    (214) 755-9797 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Rosenfeld
    Matthew Rosenfeld
    Real Estate License ID: 678298
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