410 W FM 544 - Retail FOR SALE


Murphy, TX 75094
$6,771,000 USD
214-225-8541
410 W FM 544, Murphy, TX for Sale
$6,771,000 USD
Retail - FOR SALE
1/9
null | 6% Cap Rate

410 W FM 544
Murphy, TX 75094


HIGHLIGHTS

  • 100% Leased Neighborhood Retail Asset Located in the Dense & Affluent DFW Submarket of Murphy, TX
  • Thriving Retail Trade Area with Over 2.2MM SF of Retail GLA in a 2 Mile Radius
  • Situated at FM 544 & Murphy Road; with Combined Traffic Volumes of Over 71,400 VPD
  • Average Household Income of $176,000 & $173,000 in a 1 & 3-Mile Radii, Respectively
  • Over 471% Population Increase from 2000 to 2025 in a 1-Mile Radius

OVERVIEW

Sherwin-Williams Retail is a 11,618 square foot neighborhood retail asset situated on 1.58 acres in the affluent and dense northern Dallas/Fort Worth submarket of Murphy. Located off the well-traveled intersection of FM 544 and Murphy Road, the Property benefits from excellent visibility along FM 544 and experiences combined traffic volumes in excess of 71,400 vehicles per day. Sherwin-Williams Retail is located approximately 30 minutes north of Downtown Dallas with close proximity to major Texas thoroughfares, US-75 and President George Bush Turnpike. The Property is 100% leased to a complementary tenant mix including Sherwin-Williams, ATI Physical Therapy, Woodcreek Family Dental, Café De Khan and Alzarrad Syrian Eatery. In-place average rents at the Property are only $34.97 PSF NNN, which is considered to be at or below market for comparable retail space. Sherwin-Williams Retail benefits from parallel frontage to FM 544, ample parking (71+ parking spaces), multiple ingress/egress points of access along FM 544 and Brand Road, highly visible two-sided monument sign, partial masonry construction and average suite size of 2,324 square feet providing strong residual value.

FOR SALE DETAILS

PRICE

$6,771,000 USD

PRICE/SF

$583 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams Retail

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R-4404-00B-001B-1

ASK ABOUT THIS PROPERTY

Tayler RoseSHOP CompaniesMore Info
214-225-8541

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Tayler RoseSHOP CompaniesMore Info
214-225-8541

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