Multi-Tenant Shopping
1407 W MOORE AVE, Terrell, TX 75160
For Sale
Contact for pricing
The center is fully occupied by dental, event-rental and automotive service businesses under NNN leases.
Property Size13,037 SF
Price / SF$105.93
Days on Market8
Property Features for 1407 W MOORE AVE
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Traffic Count
Road Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
DUWEST
Listed By:
Will Walters · License TX #596941
(214) 675-3665
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:29PM
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 DUWEST
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Investment Insights
Based on property information with market context.
The 13,037 SF shopping center is fully leased to Legacy Dental & Orthodontics, Radiant Party Co. Event Venue & Rentals, and Quick Transmission & Auto Repair. The tenants operate under NNN leases with five-year terms, fixed annual rent increases of approximately 2%, and expirations from September through October 2031.
The property fronts W Moore Avenue (US 80), which carries 33,250 vehicles per day. Nearby retailers include Walmart, Brookshire’s, CVS, Tractor Supply Co., Harbor Freight and O’Reilly Auto Parts. Terrell is 30 miles east of Dallas along I-20. The surrounding area includes nearly 20,000 residents, and the city’s population has increased 35.5% since April 2020.
Development activity cited in the area includes an Amazon distribution center, Terrell State Hospital and the 1,550-acre Terra Nova community, planned for more than 5,000 residences over the next 15 years.
The property fronts W Moore Avenue (US 80), which carries 33,250 vehicles per day. Nearby retailers include Walmart, Brookshire’s, CVS, Tractor Supply Co., Harbor Freight and O’Reilly Auto Parts. Terrell is 30 miles east of Dallas along I-20. The surrounding area includes nearly 20,000 residents, and the city’s population has increased 35.5% since April 2020.
Development activity cited in the area includes an Amazon distribution center, Terrell State Hospital and the 1,550-acre Terra Nova community, planned for more than 5,000 residences over the next 15 years.
Key Highlights
- 13,037 SF shopping center with 100% occupancy
- Tenant mix includes dental and orthodontic services, event venue and rentals, and transmission and auto repair
- NNN leases run five years, with fixed annual increases of approximately 2% and expirations in September–October 2031
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,895
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,900
$1.7M
Cap Rate 7%
$1,198,500
$1.2M
Cap Rate 9%
$932,167
$932.2K
Market Conditions
NOI Build-Up for 13,037 SF
Gross rent
$129.8K $9.96/SF
− Vacancy
−$10.0K −$0.77/SF
EGI
$119.9K $9.19/SF
− OpEx
−$36.0K −$2.76/SF
NOI
$83.9K $6.44/SF
Area
Kaufman County, TX
Vacancy
7.70%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,900
Cap Rate 7%
$1,198,500
Cap Rate 9%
$932,167
Alternative Uses
Best Use
Retail
$3.11M
$2.72M – $3.63M
NOI $217,532 @ 7.0% cap · market cap 15.75%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,895 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,739 @ 7.0% cap · market cap 23.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
33,250 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
158k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 20%
Shops & Services 15%
Home Improvements & Furnishings 14%
Brookshire's
Groceries
31,723 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
21,311 visits/mo
0.4 miles
McDonald's
Dining
20,760 visits/mo
0.4 miles
Murphy USA
Shops & Services
16,657 visits/mo
0.4 miles
Whataburger
Dining
12,222 visits/mo
0.1 miles
Demographics for 75160, TX
26,632
Population
8,895
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
82%
High-School Grad
118.2 sq mi
ZIP Area
225
Density / Sq Mi
$70,862
Median Household Income
$38,493
Median Earnings
$1,177
Median Rent
$221,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - The center is fully occupied by dental, event-rental and automotive service businesses under NNN leases.
Where is this shopping center located?
The property is located at 1407 W MOORE AVE Terrell, TX.
What is the asking price?
The asking price for this property is $1,381,000.
What are key features of this property?
This property features: 13,037 SF shopping center with 100% occupancy; Tenant mix includes dental and orthodontic services, event venue and rentals, and transmission and auto repair; NNN leases run five years, with fixed annual increases of approximately 2% and expirations in September–October 2031
