801 Palestine St Hutchins, TX 75141

Property Details for 801 Palestine St

Year built

1963

Construction

FRAME

Lot size

0.53 lot acres

Property size

4,736 SF

Zone code

Z137

Property type

Strip malls

Property subtype

Neighborhood centers

APN

30009500060090200

APU

30009500060090200

Description

This exceptional retail property at 801 W Palestine St in Hutchins, Texas, presents a compelling investment opportunity. The 6,150 square foot building, completely renovated in 2024, boasts a strong 100% occupancy rate across three tenants operating as a convenience store, QSR/fast food, and restaurant. The property generates a substantial net operating income (NOI) of $150,000, resulting in an attractive 7.00% capitalization rate. Priced at $2,142,000 ($348.29/sq ft), this NNN-leased property offers a diversified tenant mix and significant upside potential. Located in a rapidly growing area of Hutchins, the property benefits from its proximity to major highways (I-45 and I-20), a new Amazon fulfillment center, and the under-construction Southaven residential development (700+ new homes). The area also features a balanced mix of industrial and residential zones, and is served by the Dallas Independent School District. Furthermore, the property's strategic location within the Dallas-Fort Worth Metroplex, approximately 10 miles south of downtown Dallas, and the presence of a new City Hall under construction nearby, contribute to its long-term value and growth prospects. Built in 1968, this property offers a rare combination of established income and significant future growth potential within a thriving community. The property is situated in Dallas County, Texas, zip code 75141.

Location Insight

City

Hutchins

County

Dallas

State

Texas

Longitude

-96.7225

Latitude

32.6443

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments