2410 Fm 663 Midlothian, TX 76065-5728

Property Details for 2410 Fm 663

Year built

2018

Lot size

1.77 lot acres

Property size

14,800 SF

Property type

Commercial real estate

APN

54.4655.001.002.00.108

APU

54465500100200108

Description

This exceptional 14,812 square foot shopping center, built in 2018, presents a compelling investment opportunity in the rapidly growing Midlothian, Texas market. Located at 2410 FM 663, this Class A retail strip boasts six tenants on long-term, triple-net (NNN) leases, ensuring ease of management and a stable income stream. The property enjoys 100% occupancy, with a significant portion of the leases including rental escalations. The tenant mix is synergistic, featuring a strong representation of nationally recognized brands, accounting for 53% of the gross leasable area (GLA). Its prime location at the southeast corner of FM 663 and Hawkins Run Road provides excellent visibility and accessibility, benefiting from over 31,000 vehicles per day. The center is strategically positioned adjacent to a Kroger Marketplace and Midlothian Towne Crossing, the largest power center in Midlothian. Midlothian's impressive growth trajectory, with over 66% population increase in the last decade, and strong demographics, including an average household income exceeding $110,000 within a one-mile radius, further enhance the investment potential. The property sits on a 1.77-acre lot and offers a compelling 6.50% cap rate with a net operating income (NOI) of $453,233 and an asking price of $6,975,000. Nearby national retailers include ALDI, Ross, Walmart Supercenter, Starbucks, Chick-fil-A, and Petco, among others.

Location Insight

City

Midlothian

County

Ellis

State

Texas

Longitude

-96.9962

Latitude

32.4574

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments