2960 Farm To Market Rd Oak Point, TX 75068

This exceptional 10,877-square-foot shopping center in Oak Point, Texas, presents a compelling investment opportunity. Boasting a prime location on FM 720 near the intersection of Shahan Prairie Road/McCormick Road, this 2023-built property enjoys high visibility and exceptional traffic counts exceeding 34,270 vehicles daily. The center is 100% occupied by five tenants under triple-net (NNN) leases with 10+ year terms and built-in rent increases, ensuring consistent cash flow. A Starbucks anchors the center, featuring a drive-thru and covered patio. The property sits on a 1.69-acre lot and includes a new TPO roof with a transferable 10-year warranty. The attractive architecture and strong tenant mix, including service-oriented businesses, contribute to its appeal. The surrounding area is experiencing significant residential growth, with several large-scale developments underway, further enhancing the property's long-term value. The affluent demographics, with average household incomes exceeding $116,168 within a one-mile radius, underscore the investment potential. This property offers a stable, high-performing investment in a rapidly expanding market, generating a NOI of $375,286 and a 5.53% cap rate. The asking price is $6,787,338. The property's proximity to major roadways, including the Dallas North Tollway and I-35E, provides easy access for both tenants and customers. Nearby amenities include 7-Eleven, CVS Pharmacy, McDonald's, and more, creating a vibrant retail environment. The location near Prestonwood Polo & Country Club further enhances its desirability.