2960 FM 720 Oak Point, TX 75068
Class A 2023 retail center with a drive-thru end cap and long-term NNN leases, 100% occupied.
Property Features for 2960 FM 720
General Information
- Standard status
- Active
- Size
- 10,877 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing office Summit Real Estate
Listing date Jul 8, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Summit Real Estate
Investment Insights
Based on property information with market context.
The property benefits from prime frontage on FM 720 with multiple ingress and egress points, and it is described as visible to over 34,000 vehicles per day. The center is positioned adjacent to a future national grocery chain and near 7-Eleven and McDonald’s.
For buyers, the offering includes interest-only assumable financing at 6.012%, subject to approval. The seller also states that 100% of the GLA includes a 10% rental increase within a 3-year hold.
Key Highlights
- Class A 2023 retail shopping center at 2960 FM 720 in Oak Point, TX
- 10,877 SF shopping center with a five‑tenant lineup and drive‑thru end cap
- 100% occupied with long‑term NNN leases
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 | $271.5k | $24.96 |
| − Vacancy | −$13.6k | −$1.25 |
| EGI | $257.9k | $23.71 |
| − OpEx | −$77.4k | −$7.11 |
| NOI | $180.5k | $16.60 |
