195 Farm To Market 548 Forney, TX 75126
- Lifestyle centers
- 9,921 SF
- 1.90 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 195 Farm To Market 548
- Year built
- 2023
- Lot size
- 1.90 lot acres
- Property size
- 9,921 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 9,921 square foot shopping center in Forney, Texas, presents a compelling investment opportunity. Built in 2023, this Class A property boasts 100% occupancy with four tenants, including a Dunkin' with a drive-thru. The center sits on a 1.9-acre lot and benefits from a strong tenant mix of national and local retailers, all under long-term triple-net leases with built-in rent escalations and renewal options. Located on FM 548 near East Broad Street, the property enjoys high daily traffic counts exceeding 37,049 vehicles. Its strategic location is further enhanced by proximity to major employers, including an Amazon fulfillment center, and is near a highly anticipated H-E-B grocery store and other retail developments. The surrounding area exhibits robust growth, with average household incomes exceeding $109,170 within a five-mile radius. Kaufman County's rapid population expansion makes this a particularly attractive investment, offering a 6.00% cap rate and a $356,235 net operating income (NOI) on an asking price of $5,937,000. The property's strong tenant base, prime location, and favorable market conditions position it for continued success and significant return on investment. The property features attractive architectural design and ample concrete parking. This is a fully stabilized, turnkey investment ready for immediate income generation.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Forney
- County
- Kaufman
- State
- Texas
- Longitude
- -96.4503
- Latitude
- 32.7386
