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Property profile & analytics
OFF-MARKET Estimated value $700,000
Strip malls

2401 State Hwy 121 Euless, TX 76039-4167

11,696 SF 1.7 ac lot Built 2022
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US82-1370987
Property summary
AI-generated overview

This exceptional Class A retail space, part of the thriving Glade Parks development in Euless, Texas, offers 1,239 square feet of immediately available space in a newly constructed (2022) building totaling 11,696 square feet. Located at 2401 State Highway 121, this shopping center benefits from its prime location within a bustling mixed-use power center. The property boasts excellent visibility and accessibility from the heavily trafficked Highway 121, ensuring high exposure for your business. This location is part of a larger 194-acre development anchored by major national retailers including Eos Fitness, Burlington, Dave & Buster's, Cinepolis, Belk, Dick's Sporting Goods, and Super Target, guaranteeing a substantial customer base. The center already features established national tenants such as Salata, Jersey Mike's Subs, and Sleep Number, creating a synergistic and attractive retail environment. Annual foot traffic exceeds 6 million visits, demonstrating the significant potential for customer engagement. To further enhance the appeal, a tenant improvement allowance of up to $60,000 is available to customize the space to your specific needs. The space is delivered in shell condition, providing flexibility for tenant build-out. The asking rent is $43 per square foot, plus estimated NNN expenses of $14.10 per square foot. This presents a unique opportunity to establish your business in a high-traffic, high-visibility location within a thriving retail community.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2022
Total area 11,696 SF
Lot 1.7 ac (74,226 SF)
APN 15399R-C-5
UPID US82-1370987
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sleep Number Furniture & Home Goods
  • Lovesac Furniture & Home Goods Home Decor Store
  • Jersey Mike's Subs Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$906k
Blend (final) Blend
$700k
Owner & transaction history
Fortune Park Retail LLC · 3 yrs held
Fortune Park Retail LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.1M +76.3%
Auto repair, garage $1.1M +68.4%
Office building $1.1M +63.2%
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