Multi-Tenant Retail Center Forney,
724 E US Hwy 80 Forney, TX 75126
724 E US Hwy 80, Forney, TX, 75126
$13,964,000
For Sale
$13,964,000
26,330 SF retail center in high-traffic Forney, Texas.
Property Size26,330 SF
Lot Size3.06 Acres
Price / SF$530.35
Days on Market111
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
Building Details
- 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 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:08AM
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.
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 | $657.2k | $24.96 |
| − Vacancy | −$29.6k | −$1.12 |
| EGI | $627.6k | $23.84 |
| − OpEx | −$188.3k | −$7.15 |
| NOI | $439.3k | $16.69 |
26,330 SF · lease $24.96/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Leslie's
(Bike/Boat/Book/etc) Store
Dr. Paul Pham
Dental Office
Dr. Nicholas Breig
Dental Office
Icy Cuts
Barber Shop
Cheeky Chique Boutique
Clothing Store
Similar For Sale Nearby
FAQs
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.
