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Twin Peaks 310 Spur 557

8,903 SF Retail Building Terrell, TX 75160 $5,000,000 ($562/SF) 6% Cap Rate

Investment Highlights

  • 20-Year Corporate Absolute-Net Sale-Leaseback
  • Dense & Growing Retail Corridor
  • Brand-New Construction | 8,903 Square Foot Building Sits as an Outparcel

Executive Summary

- 20-Year Corporate Absolute-Net Sale-Leaseback | Lease Will be Backed by 100+ Locations in 26 States, in the US and Mexico | Deep Pipeline of New Units Coming Online
- Brand-New Construction | 8,903 Square Foot Building Sits as an Outparcel to a Large Shopping Center Anchored by Hobby Lobby, Academy Sports + Outdoors, Ross Dress For Less, Five Below, Petco, and Ulta Beauty | Property is Projected to Open for Business in Summer of 2024
- Dense & Growing Retail Corridor | Property is Located in a Dynamic Trade Area with Significant Ongoing Development that Services all of Kaufman and Van Zandt Counties | Expectation for this to Become a Primary Retail and Commercial Hub for the Region
- Affluent Suburban Community | Average Household Income Exceeds $100,000 for Homes within 10 Miles of the Subject Property
- Robust Demographics | Population Exceeds 117,300 Individuals within a 10-Mile Radius | Substantial Population Growth Projected into the Next Five Years

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,903 SF
Building Class
B
Year Built
2024
Price
$5,000,000
Price Per SF
$562
Cap Rate
6%
NOI
$300,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.00 AC
Frontage
239 FT on American Way

Nearby Major Retailers

Chili's
Mod Pizza
Olive Garden
Chuy's
Denny's
Dutch Bros Coffee
Texas Roadhouse
Taco Bueno
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 216170
  • 214395
  • 207369
Land Assessment
$6,657,600
Improvements Assessment
$7,884,626
Total Assessment
$14,542,226
  • Listing ID: 31511466

  • Date on Market: 4/15/2024

  • Last Updated:

  • Address: 310 Spur 557, Terrell, TX 75160

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