141 N Murphy Rd - Storefront FOR SALE
Murphy, TX 75094 |
$2,408,000 USD
214-225-8541
141 N Murphy Rd
Murphy, TX 75094
HIGHLIGHTS
- 2019 Construction with an Average Lease Term Expiration of November 2030
- Average Rents of $31.28 PSF NNN While Comparable Retail Space in the Area is Leasing in the High $30’s to Low $40’s PSF NNN
- Thriving Retail Trade Area with Over 2.1MM SF of Retail GLA in a 2-Mile Radius
- Over 471% Population Increase from 2000 to 2025 in a 1-Mile Radius
- Minutes to Murphy Marketplace, a 290,203 SF Retail Destination Featuring Lowes, Sprouts, EOS Fitness & Michaels among others
- Close Proximity to New H-E-B (122K SF at Completion) & Plano Sports Authority – Murphy, an 87,000 SF Multi-Sports Arena Attracting Over 33,000+ Player
FOR SALE DETAILS
PRICE
$2,408,000 USD
PRICE/SF
$496 USD /SF
CAP RATE
6.3%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.64 AC
LAND SF
71,438 SF
ZONING
Retail
APN/PARCEL ID
R-12155-00A-0010-1
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214-225-8541
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214-225-8541
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