823 Farm To Market 548 Forney, TX 75126

Property Details for 823 Farm To Market 548

Year built

2023

Lot size

0.99 lot acres

Property size

8,098 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 8,098 square foot shopping center in Forney, Texas presents a compelling investment opportunity. Built in 2023, the property boasts a 100% occupancy rate with four tenants under long-term, triple-net (NNN) leases, ensuring ease of management. The center enjoys a strong 6.35% capitalization rate and a healthy net operating income (NOI) of $268,400, based on an asking price of $4,225,000. Situated on a 0.99-acre lot at 823 Farm to Market 548, Forney, TX 75126, this Class "A" retail strip center benefits from its strategic location in one of the fastest-growing cities in the United States, experiencing a 51.2% growth rate over the past three years. The property is shadow-anchored by ALDI and has a pad site planned for a future Planet Fitness. The tenant mix includes a complementary blend of national, regional, and local businesses. Average rent is currently $32 per square foot, with new smaller spaces leasing for $40-$45 per square foot. The area's robust retail environment is further enhanced by nearby major developments, including a large Goodyear distribution center, an Amazon fulfillment center, and a significant retail development featuring H-E-B, Target, and Home Depot. Surrounding national retailers include Walmart, Lowe's, Kroger, Tom Thumb, Chick-fil-A, McDonald's, Raising Cane's, and Starbucks. This property offers a rare combination of strong performance, prime location, and significant growth potential.

Location Insight

City

Forney

County

Kaufman

State

Texas

Longitude

-96.4455

Latitude

32.7505