Twin Peaks | 310 Spur 557
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Twin Peaks 310 Spur 557
8,903 SF Retail Building Terrell, TX 75160 £3,912,250 (£439/SF) 6% Net Initial Yield
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
- 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
Building Size
8,903 SF
Building Class
B
Year Built
2024
Price
£3,912,250
Price Per SF
£439
Net Initial Yield
6%
NOI
£234,735
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
1.00 AC
Frontage
239 ft on American Way
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £6,169,326 | |
| Land Assessment | £5,209,239 | Total Assessment | £11,378,565 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£5,209,239
Improvements Assessment
£6,169,326
Total Assessment
£11,378,565
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Twin Peaks | 310 Spur 557
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