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Retail Space Near National Anchors
For Sale
$10,537,513

3151 Justin Rd, Flower Mound, TX 75028

Positioned beside Lowe’s and across from Walmart Supercenter and Target in Flower Mound.

Property Size29,084 SF
Lot Size2.00 Acres
Price / SF$362.31
Days on Market12

Property Features for 3151 Justin Rd

General Information

Standard status Active
Size 29,084 SF
Lot size 2.00 Acres
Property subtype Auto Service - Gas-Conv
Lease Type Absolute Net

Additional Details

Anchor Co-Tenants Lowe's, Walmart Supercenter, Target

Amenities

15-Year Absolute Net Lease, Zero Landlord Responsibilities, 10% Increases Every 5 Years in the Initial Term & Options. 2026 Full Caliber Collision Conversion with New Shop, Office, HVAC, and Paving.
Caliber Collision is the Nation's Largest Collision Repair Provider, with More than 1,800 Convenient Locations in 41 States - and Growing - Backed by a Written, Lifetime Warranty on All Repair Work.
Dominant Leadership: Hellman & Friedman, a Highly Experienced Private Equity Firm Founded in 1984 with Over $25 Billion of Total Assets, Is the Majority Owner of Caliber Collision after the Merger.
Prime Signalized Intersection with Exceptional Traffic Counts - Strategically Positioned at a Major Commercial Intersection Carrying 29k+ Vehicles Daily, providing Exceptional Exposure and Accessibility.
Strategically Located Adjacent to Lowe's Home Improvement, across from Walmart Supercenter, and near Target, the Property benefits from three established National Retail Anchors Drawing Shoppers throughout the Corridor.
Affluent, Rapidly Growing Trade Area - The 1-Mile Radius Boasts an Average Household Income of more than $198k and over 188k People are Residing within a 5-Mile Radius.
Flower Mound's Continued Growth is supported by the 2,300-Acre Furst Ranch Master-Planned Development, featuring Proposed Residential Neighborhoods, Retail Destinations, Dining, Employment Space, and a Planned H-E-B Grocery Store.
The Property features an approx. 29k Sq.Ft. Building (Double Size of Typical Caliber Footprint) on 2.08 Acres, providing Substantial Underlying Real Estate in an Established Flower Mound Commercial Corridor Surrounded By Major Retailers and Neighborhoods.

Building Details

Building Size 29,084 SF
Listing Agency: Marcus & Millichap | San Diego
Listed By: Alvin Mansour · License #License(s): CA: 01391653, TX: 0606255
Source: Marcusmillichap
Added: Oct 19 Changed: Oct 29 Last Checked: Oct 28 at 9:11AM

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 | San Diego

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This Flower Mound retail space is identified with a 2026 renovation. Its address is 3151 Justin Rd, Flower Mound, TX 75028.

Lowe’s is adjacent to the property, with Walmart Supercenter and Target across the road. These nearby national retail anchors provide clear surrounding retail context.

Key Highlights

  • Adjacent to Lowe’s
  • Across from Walmart Supercenter and Target
  • Renovation dated 2026

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$482,748
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,654,960 $9.7M
Cap Rate 7%
$6,896,400 $6.9M
Cap Rate 9%
$5,363,867 $5.4M
Market Conditions
NOI Build-Up for 29,084 SF
Gross rent
$725.9K $24.96/SF
− Vacancy
−$36.3K −$1.25/SF
EGI
$689.6K $23.71/SF
− OpEx
−$206.9K −$7.11/SF
NOI
$482.7K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,654,960
Cap Rate 7%
$6,896,400
Cap Rate 9%
$5,363,867

Alternative Uses

Best Use
Retail
$6.90M
$6.03M – $8.05M (±1% cap)
NOI $482,748 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$406.72M
$355.88M – $474.51M (±1% cap)
NOI $28,470,611 @ 7.0% cap · market cap 270.18%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service Garden Center Grocery & Convenience Store Law Firm (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

120
Businesses Nearby

Demographics for 75028, TX

46,830
Population
18,189
Households
2.6
Avg Household Size
40
Median Age
62%
College-Educated
98%
High-School Grad
15.6 sq mi
ZIP Area
3,002
Density / Sq Mi
$147,040
Median Household Income
$72,270
Median Earnings
$2,233
Median Rent
$458,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Positioned beside Lowe’s and across from Walmart Supercenter and Target in Flower Mound.
Where is this retail space located?
The property is located at 3151 Justin Rd Flower Mound, TX.
What is the asking price?
The asking price for this property is $10,537,513.
What are key features of this property?
This property features: Adjacent to Lowe’s; Across from Walmart Supercenter and Target; Renovation dated 2026
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