Multi-Tenant Retail Center Forney,
For Sale
$13,964,000
724 E US Hwy 80, Forney, TX 75126
26,330 SF retail center in high-traffic Forney, Texas.
Property Size26,330 SF
Lot Size3.06 Acres
Price / SF$530.35
Days on Market189
Property Features for 724 E US Hwy 80
General Information
Standard status
Active
Size
26,330 SF
Lot size
3.06 Acres
Property subtype
Shopping Strip
Amenities
100% Occupied with NNN Leases
Shadow-Anchored by Major Retailers
Current Average Rents are Below Market
Prime Location in High-Growth Area
Building Details
Building Size
26,330 SF
Year Built
2011
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #License(s): TX: 0522087-SA
(972) 755-5225
Source:
Marcusmillichap
Added: Apr 3
Changed: Sep 14
Last Checked: Oct 7 at 8:35AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This multi-tenant retail center, constructed in 2011, offers 26,330 square feet of space and is situated on a 3.06-acre parcel with concrete parking. The property is currently 100 percent leased to a mix of national, regional, and local retailers. Tenants include Action Behavior Center, Cristina's Fine Mexican Restaurant, Leslie's Pool Supplies, Ideal Dental, Tokyo Harbor, Belle Nolia Nails, and a donut shop. The property benefits from its location in the area’s major retail trade area at the intersection of FM 548 and Highway 80, with traffic counts exceeding 80,600 vehicles per day. The surrounding area features a dense retail environment with national and regional tenants such as Walmart, Lowe’s, Kroger, Kohl'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, and Brookshire’s. An Amazon warehouse and distribution center and Goodyear Logistics Center are located approximately three miles southeast of the property.
Key Highlights
- 100% leased multi‑tenant retail center with long‑term, established tenants.
- Located in the high‑traffic intersection of FM 548 and Highway 80 in Forney, Texas, with over 80,600 vehicles per day.
- Strong tenant mix** of national, regional, and local retailers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$439,336
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,786,720
$8.8M
Cap Rate 7%
$6,276,229
$6.3M
Cap Rate 9%
$4,881,511
$4.9M
Market Conditions
NOI Build-Up for 26,330 SF
Gross rent
$657.2K $24.96/SF
− Vacancy
−$29.6K −$1.12/SF
EGI
$627.6K $23.84/SF
− OpEx
−$188.3K −$7.15/SF
NOI
$439.3K $16.69/SF
Area
Kaufman County, TX
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,786,720
Cap Rate 7%
$6,276,229
Cap Rate 9%
$4,881,511
Alternative Uses
Best Use
Retail
$6.28M
$5.49M – $7.32M
NOI $439,336 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$331.37M
$289.95M – $386.60M
NOI $23,196,242 @ 7.0% cap · market cap 166.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Cicis
Dining
1,705 visits/mo
0.4 miles
Demographics for 75126, TX
64,573
Population
24,316
Households
2.7
Avg Household Size
32
Median Age
36%
College-Educated
92%
High-School Grad
81.6 sq mi
ZIP Area
791
Density / Sq Mi
$104,001
Median Household Income
$55,453
Median Earnings
$1,930
Median Rent
$337,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - 26,330 SF retail center in high-traffic Forney, Texas.
Where is this shopping center located?
The property is located at 724 E US Hwy 80 Forney, TX.
What is the asking price?
The asking price for this property is $13,964,000.
What are key features of this property?
This property features: 100% leased multi‑tenant retail center with long‑term, established tenants.; Located in the **high‑traffic intersection** of FM 548 and Highway 80 in Forney, Texas, with over 80,600 vehicles per day.; Strong tenant mix** of national, regional, and local retailers.
