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141 N Murphy Rd 4,990 SF 100% Leased Retail Building Murphy, TX 75094 $2,563,500 ($513.73/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime traffice with 24,000 cars + daily
- Salon Business for sale
- Real Estate or Business + Real Estate is Offered
EXECUTIVE SUMMARY
Great location in Murphy on busy Murphy Road with 24,000 cars daily on this highly visible retail strip center. 4990sf of retail with two tenants and also has 20,000sf of land for phase II which can be another 3000sf of retail. There has been lots of interest from coffee users for phase II.
breakdown of NNN investment and land pricing:
- NNN investment $2,563,500 with noi of $153,810 caprate of 6%
breakdown of NNN investment and land pricing:
- NNN investment $2,563,500 with noi of $153,810 caprate of 6%
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,990 SF
Building Class
B
Year Built
2019
Price
$2,563,500
Price Per SF
$513.73
Cap Rate
6%
NOI
$153,810
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
1.64 AC
Zoning
retail - town center, commercial retail
AMENITIES
- Signage
- Tenant Controlled HVAC
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Since 1992, they have helped countless people get in the best shape of their lives. They realize that being fit is about much more than what you see in the mirror - it's about living life to the fullest. Alloy welcomes people no matter where they are in their fitness journey. For decades they have been helping people understand what they are capable of. They are uniquely focused on helping today’s adults lead more active and healthier lifestyles.
- The Full Spectrum Salon
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Full Spectrum Salon | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-12155-00A-0010-1 | Improvements Assessment | $1,444,336 |
| Land Assessment | $1,144,408 | Total Assessment | $2,588,744 |
PROPERTY TAXES
Parcel Number
R-12155-00A-0010-1
Land Assessment
$1,144,408
Improvements Assessment
$1,444,336
Total Assessment
$2,588,744
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141 N Murphy Rd
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