801 Palestine StHutchins, TX 75141

For Sale
$2,142,000

High-Yield Retail Investment, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail property at 801 W Palestine St in Hutchins, Texas, presents a compelling investment opportunity. The 6,150 square foot building, completely renovated in 2024, boasts a strong 100% occupancy rate across three tenants operating as a convenience store, QSR/fast food, and restaurant. The property generates a substantial net operating income (NOI) of $150,000, resulting in an attractive 7.00% capitalization rate. Priced at $2,142,000 ($348.29/sq ft), this NNN-leased property offers a diversified tenant mix and significant upside potential. Located in a rapidly growing area of Hutchins, the property benefits from its proximity to major highways (I-45 and I-20), a new Amazon fulfillment center, and the under-construction Southaven residential development (700+ new homes). The area also features a balanced mix of industrial and residential zones, and is served by the Dallas Independent School District. Furthermore, the property's strategic location within the Dallas-Fort Worth Metroplex, approximately 10 miles south of downtown Dallas, and the presence of a new City Hall under construction nearby, contribute to its long-term value and growth prospects. Built in 1968, this property offers a rare combination of established income and significant future growth potential within a thriving community. The property is situated in Dallas County, Texas, zip code 75141.

Highlights

  • New 700+ home residential development (Southaven by LGI Homes) under construction across the street.
  • Excellent Dallas ISD schools (Wilmer Hutchins Elementary & High School) within 1 mile.
  • Balanced mix of industrial and residential properties.
  • 2 miles from an Amazon fulfillment center.
  • New City Hall under construction 0.2 miles away.
  • High retail potential with 21 projected developments, one of few existing retail spaces.

Property Details for 801 Palestine St

Property type
Other retail properties, Restaurants
Square Feet
6,150 SF
Year Built/Renovated
1968/2024

Location Insight

City
Hutchins
County
Dallas
State
Texas
Latitude
32.6442342
Longitude
-96.7225537
801 Palestine St, Hutchins, Texas

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801 Palestine St
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