Fm 548 & Reeder Ln Forney, TX 75126
- Retail properties
- 10,000 SF
- 1.01 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Fm 548 & Reeder Ln
- Year built
- 2024
- Lot size
- 1.01 lot acres
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,000-square-foot Dollar Tree storefront in Forney, Texas, boasting a 6.85% cap rate and a strong corporate guarantee. The property, constructed in 2024, features a 20-year roof warranty and is situated on a 1.01-acre lot at the intersection of FM 548 & Reeder Lane, a high-traffic area with 21,500 cars daily. The 10.1-year lease, commencing February 29, 2024, and expiring March 30, 2034, includes four, five-year renewal options with $0.50/SF rent bumps every five years. The property benefits from its location within the Dallas/Fort Worth MSA, just 25 miles east of downtown Dallas, and enjoys excellent visibility. The surrounding area is experiencing rapid growth, with projections of a 25% increase in households and population within one mile by 2027. This growth is fueled by significant new residential development, including over 1,500 apartment units and 2,055 single-family homes currently under development in close proximity. The average household income in the immediate area exceeds $118,000, indicating strong consumer spending power. The property's prime location is further enhanced by its proximity to a dense retail corridor anchored by major retailers like Walmart, Lowe's, and Kroger, ensuring high foot traffic and visibility. This is a compelling investment opportunity with a stable tenant, strong growth potential, and attractive financial returns. The Net Lease (NNN) structure minimizes landlord responsibilities, offering a passive income stream. The asking price is $2,613,000, translating to $261.30 per square foot. The current Net Operating Income (NOI) is $179,000, reflecting the property's strong performance and potential for future appreciation.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Forney
- County
- Kaufman
- State
- Texas
- Longitude
- -96.4339
- Latitude
- 32.759
