2640 Fm 544Wylie, TX 75098

For Sale
$4,115,000

High-Yield Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 8,116 square foot retail shopping center in Wylie, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts a 100% occupancy rate with a strong net operating income (NOI) of $257,080, translating to a 6.25% capitalization rate. The property is situated on a 1.08-acre lot at 2640 FM 544, benefiting from excellent visibility and accessibility, with over 33,000 vehicles passing daily. Its strategic location as an outparcel to a high-performing Kroger Marketplace (rumored to be in the top 5% of all DFW Kroger stores, and top 90% in Texas and 93% in the US based on Placer.ai data) ensures consistent traffic and strong anchor tenancy. The center also enjoys proximity to Wylie High School (a 6A public school with over 3,000 students), contributing to a robust local demographic. The surrounding area features a high average household income exceeding $133,000 within a 3-mile radius—nearly double the national average—and includes numerous national retailers such as Target, Walmart, Lowe's, and more. The property features triple-net (NNN) leases, providing a passive income stream with minimal landlord responsibilities. This is a rare opportunity to acquire a well-established, high-performing retail asset in a thriving Texas market. The asking price is $4,115,000.

Highlights

  • Fully occupied 8,116 square foot retail strip center in Wylie, TX.
  • 2015 construction with NNN leases.
  • Excellent tenant longevity with no turnover since construction.
  • High visibility and accessibility on FM 544, with over 33,000 vehicles passing daily.
  • Outparcel to a 123,000 square foot Kroger Marketplace, a strong anchor tenant driving significant traffic.
  • Located adjacent to Wylie High School, a 6A public high school with over 3,000 students.

Property Details for 2640 Fm 544

Property type
Lifestyle centers, Power centers
Square Feet
8,116 SF
Year Built
2015
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Wylie
County
Collin
State
Texas
Latitude
33.010494
Longitude
-96.5777263
2640 Fm 544, Wylie, Texas

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2640 Fm 544
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