Property summary
This exceptional 8,116 square foot retail shopping center in Wylie, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts a 100% occupancy rate with a strong net operating income (NOI) of $257,080, translating to a 6.25% capitalization rate. The property is situated on a 1.08-acre lot at 2640 FM 544, benefiting from excellent visibility and accessibility, with over 33,000 vehicles passing daily. Its strategic location as an outparcel to a high-performing Kroger Marketplace (rumored to be in the top 5% of all DFW Kroger stores, and top 90% in Texas and 93% in the US based on Placer.ai data) ensures consistent traffic and strong anchor tenancy. The center also enjoys proximity to Wylie High School (a 6A public school with over 3,000 students), contributing to a robust local demographic. The surrounding area features a high average household income exceeding $133,000 within a 3-mile radius—nearly double the national average—and includes numerous national retailers such as Target, Walmart, Lowe's, and more. The property features triple-net (NNN) leases, providing a passive income stream with minimal landlord responsibilities. This is a rare opportunity to acquire a well-established, high-performing retail asset in a thriving Texas market. The asking price is $4,115,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Tax year 2022Property description
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