Walmart-Shadowed Shopping
For Sale
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2014 South State Highway 78, Wylie, TX 75098
Fully occupied NNN retail center positioned alongside a Walmart Supercenter.
Property Size20,186 SF
Price / SF$300.95
Days on Market52
Property Features for 2014 South State Highway 78
General Information
Standard status
Active
Size
20,186 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
Summit RE
Listed By:
Hudson Lambert · License #TX 724882
Source:
Crexi
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 8:22AM
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 Summit RE
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Investment Insights
Based on property information with market context.
The 20,186-square-foot shopping center was constructed in 2005 and is fully occupied by a combination of national and local retailers. Tenancies are structured on NNN leases, providing an established multi-tenant retail configuration with Walmart Supercenter serving as the adjacent shadow anchor.
Located at 2014 South State Highway 78 in Wylie, Texas, the property benefits from reported traffic exceeding 44,000 vehicles per day. The center is surrounded by recognizable retail and restaurant operators, including Panda Express, Chick-fil-A, McDonald's, Starbucks Coffee, Dutch Bros Coffee, Mavis Tires, and Sonic. Within a 1-mile radius, average household income exceeds $132,000, while the area has recorded 322% population growth since 2000.
Located at 2014 South State Highway 78 in Wylie, Texas, the property benefits from reported traffic exceeding 44,000 vehicles per day. The center is surrounded by recognizable retail and restaurant operators, including Panda Express, Chick-fil-A, McDonald's, Starbucks Coffee, Dutch Bros Coffee, Mavis Tires, and Sonic. Within a 1-mile radius, average household income exceeds $132,000, while the area has recorded 322% population growth since 2000.
Key Highlights
- 20,186 SF shopping center constructed in 2005
- 100% occupied with national and local tenants
- NNN lease structure across the retail center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$324,802
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,496,040
$6.5M
Cap Rate 7%
$4,640,029
$4.6M
Cap Rate 9%
$3,608,911
$3.6M
Market Conditions
NOI Build-Up for 20,186 SF
Gross rent
$486.9K $24.12/SF
− Vacancy
−$22.9K −$1.13/SF
EGI
$464.0K $22.99/SF
− OpEx
−$139.2K −$6.90/SF
NOI
$324.8K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,496,040
Cap Rate 7%
$4,640,029
Cap Rate 9%
$3,608,911
Alternative Uses
Best Use
Retail
$4.64M
$4.06M – $5.41M
NOI $324,802 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$20.06M
$17.55M – $23.40M
NOI $1,404,063 @ 7.0% cap · market cap 23.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
173k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Shops & Services 5%
Electronics 2%
Beauty & Spa 2%
Chick-fil-A
Dining
36,503 visits/mo
0.4 miles
McDonald's
Dining
33,278 visits/mo
0.5 miles
Whataburger
Dining
26,709 visits/mo
0.3 miles
Jack in the Box
Dining
12,625 visits/mo
0.3 miles
SONIC Drive In
Dining
12,106 visits/mo
0.4 miles
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
Median Home Value
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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 - Fully occupied NNN retail center positioned alongside a Walmart Supercenter.
Where is this shopping center located?
The property is located at 2014 South State Highway 78 Wylie, TX.
What is the asking price?
The asking price for this property is $6,075,000.
What are key features of this property?
This property features: 20,186 SF shopping center constructed in 2005; 100% occupied with national and local tenants; NNN lease structure across the retail center
