Club 4 Fitness & Ninja Nation 200 E FM 544 62,110 SF 100% Leased Retail Building Murphy, TX 75094 £7,160,910 (£115.29/SF) 8.23% Net Initial Yield
INVESTMENT HIGHLIGHTS
- NNN leases provide ease of management with both tenants reimbursing their pro rata share of expenses.
- Located at the SEC of the signalized intersection of E Farm to Market 544 and S Murphy Rd which has a combined traffic count of 54,960 VPD.
- The trade area has an average household income of $170,000 within a 1 mile radius.
- Texas is one of seven states that does not impose a state income or investment tax.
EXECUTIVE SUMMARY
Stream Capital Partners is pleased to present the opportunity to acquire a two-tenant asset located in Murphy, TX, an affluent suburb of Dallas. The property is comprised of 62,110 SF on 5.92 acres.
The asset is ideally positioned at the SEC of FM 544 and Murphy Rd, which have combined traffic counts of approximately 55,000 VPD. This location is the primary intersection in Murphy, with Walmart, Lowe’s, and Hobby Lobby occupying the other corners.
The asset is ideally positioned at the SEC of FM 544 and Murphy Rd, which have combined traffic counts of approximately 55,000 VPD. This location is the primary intersection in Murphy, with Walmart, Lowe’s, and Hobby Lobby occupying the other corners.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
62,110 SF
Building Class
C
Year Built
1999
Price
£7,160,910
Price Per SF
£115.29
Net Initial Yield
8.23%
NOI
£589,637
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Lot Size
5.92 AC
Zoning
R
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-3639-000-0020-1 | Improvements Assessment | £3,503,126 |
| Land Assessment | £2,332,574 | Total Assessment | £5,835,700 |
