111 I-45 Ennis, TX 75119
- Retail properties
- 4,160 SF
- 0.67 lot acres
Current Use by Public Records
- Retail properties
Property Details for 111 I-45
- Year built
- 2005
- Lot size
- 0.67 lot acres
- Property size
- 4,160 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a vacant 4,160-square-foot retail building situated on a 0.67-acre lot in Ennis, Texas. Located in the Dallas MSA, this property boasts a prime location immediately off Interstate 45 at the intersection of Highway 34, experiencing high daily traffic volume of approximately 54,000 and 16,806 vehicles, respectively. The building, constructed in 2005, is an outparcel to the Ennis Crossroads Shopping Center, sharing convenient cross-access with Taco Bell and Chevron, and benefiting from excellent visibility with pole signage. The shopping center is anchored by a strong mix of national and regional tenants including Burkes Outlet, Hibbett Sports, Dairy Queen, Taco Cabana, and more. The surrounding area features a robust retail hub with major players such as Walmart Supercenter, Starbucks, McDonald's, Dollar Tree, Whataburger, AutoZone, Exxon, and Tractor Supply. The property's previous tenant was an IHOP, which will vacate on October 10, 2024, with rent payments continuing until April 13, 2025. The asking price is $2,300,000, representing an attractive 8.43% cap rate based on a net operating income (NOI) of $193,839. This property offers significant potential for a variety of QSR, restaurant, or storefront uses. The fee-simple ownership provides complete control and upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ennis
- County
- Ellis
- State
- Texas
- Longitude
- -96.6156
- Latitude
- 32.3335
