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 Market143
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
(972) 755-5225
Listed By:
Philip Levy · License #License(s): TX: 0522087-SA
(972) 755-5225
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 13
Last Checked: Aug 23 at 2:29AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$439,336
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
