141 N Murphy Rd
Murphy, TX 75094
Retail Property For Sale
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
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
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
