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141 N Murphy Rd 4,850 SF 100% Leased Retail Building Murphy, TX 75094 $2,408,000 ($496.49/SF) 6.30% Cap Rate
Investment Highlights
- 2019 Construction with an Average Lease Term Expiration of November 2030
- Thriving Retail Trade Area with Over 2.1MM SF of Retail GLA in a 2-Mile Radius
- Minutes to Murphy Marketplace, a 290,203 SF Retail Destination Featuring Lowes, Sprouts, EOS Fitness & Michaels among others
- Average Rents of $31.28 PSF NNN While Comparable Retail Space in the Area is Leasing in the High $30’s to Low $40’s PSF NNN
- Over 471% Population Increase from 2000 to 2025 in a 1-Mile Radius
- Close Proximity to New H-E-B (122K SF at Completion) & Plano Sports Authority – Murphy, an 87,000 SF Multi-Sports Arena Attracting Over 33,000+ Player
Executive Summary
Property Facts
About 141 N MURPHY RD , MURPHY, TX 75094
Complimentary Tenant Mix with Alloy Personal Training & The Full Spectrum Hair Salon, All Tenants Experiencing Annual Rent Increases During Primary Term 2019 Construction with an Average Lease Term Expiration of November 2030 Average Rents of $31.28 PSF NNN While Comparable Retail Space in the Area is Leasing in the High $30’s to Low $40’s PSF NNN Strong Fundamentals with Parallel Positioning to Murphy Road (22,200+ Vehicles Per Day), Average Suite Size of 2,425 SF Providing Strong Residual Value, Partial Masonry Construction, Highly Visible Two-Sided Monument Sign & Multiple Ingress/Egress Points of Access Nearby National Tenants Include Walmart, Lowe’s, Sprouts, Hobby Lobby, Club 4 Fitness, Bank of America, PNC Bank, Chase, Chick-Fil-A, McDonalds, UPS, Chipotle & Starbucks Amongst Numerous Others Thriving Retail Trade Area with Over 2.1MM SF of Retail GLA in a2-Mile Radius Minutes to Murphy Marketplace, a 290,203 SF Retail Destination Featuring Lowes, Sprouts, EOS Fitness & Michaels among others & Woodbridge Crossing, a 447,462 SF Retail Destination Featuring Super Target, Kohls, TJ Maxx, HomeGoods, Floor & Décor, Ross, PetSmart & Ulta Amongst Numerous Others Close Proximity to New H-E-B (122K SF at Completion) & Plano Sports Authority – Murphy, an 87,000 SF Multi-Sports Arena Attracting Over 33,000+ Players Annually Over 471% Population Increase from 2000 to 2025 in a 1-Mile Radius
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Arts, Entertainment, and Recreation
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99,999 SF
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$9.99
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Lorem Ipsum
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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
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99,999 SF
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$9.99
-
Lorem Ipsum
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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
Presented by
141 N Murphy Rd
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