1808 N Highway 78 - Retail FOR SALE


Wylie, TX 75098
$6,555,000 USD
214-335-4068
1808 N Highway 78, Wylie, TX for Sale
$6,555,000 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

1808 N Highway 78
Wylie, TX 75098


HIGHLIGHTS

  • 2024 Construction, 10,908 SF, 5-Tenant Drive Thru Retail Asset Located in the Expanding Submarket of Wylie, Texas (DFW)
  • Average Household Incomes Exceed $144,100, $145,500, and $157,400 within a 1, 3, & 5 Mile Radii, Respectively
  • Average Base Lease Term Expiration of October 2032 & All Tenants Have Built-In Rent Escalations
  • Strong Location Along State Highway 78 (25,400+ VPD) Connecting to President George Bush Turnpike (43,500+ VPD) & State Highway 205 (13,800+ VPD)
  • Proximity to Colling College - Wylie Campus (7,500+ Students, 340K GSF, Just Under 100 Acres); Collin Offering 200+ Degrees & Certificates
  • Miles from Lavon Lake; 21,000+ Acres, 1M+ Annual Visitors, Supplies Water to 1.6M North Texans

OVERVIEW

Wylie Neighborhood Shops is a newly constructed, 10,908 square foot, five-tenant drive-thru retail asset positioned along the highly trafficked State Highway 78 in the expanding DFW submarket of Wylie, Texas. Situated moments south of Lavon Lake, the Property is approximately 45 minutes from Dallas Fort Worth International Airport and 45 minutes from Downtown Dallas. Situated on +/- 1.22 acres, Wylie Neighborhood Shops is 100% leased to a synergistic mix of food, health, and lifestyle tenants including Swig (corporate, drive-thru end cap), Wylie Little Smiles & Orthodontics, Glo Tanning, Devil & Angel Desserts, and Starwood Cafe. The Property features an average base lease term expiration of October 2032 with each of the tenants experiencing escalations throughout their primary terms. Wylie Neighborhood Shops benefits from strong fundamentals with a drive thru end cap for Swig (corporate), shallow bay depth, a two-sided monument sign, an average suite size of 2,182 square feet providing strong residual value, and parallel positioning to State Highway 78 with a median break and multiple ingress-egress points. In a 2-mile radius, over 778,000 SF of Retail GLA is anchored by notable national retail tenants including Walmart Supercenter, The UPS Store, Panda Express, and Dollar Tree amongst others.

FOR SALE DETAILS

PRICE

$6,555,000 USD

PRICE/SF

$601 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wylie Neighborhood Shops

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

R-2381-00A-004R-1

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.