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1848 North State 78 Hwy
Wylie, TX 75098
Popshelf · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2023 build-to-suit construction for Dollar General (Rent Commencement July 2023).
- Three, 5-year renewal periods with 10% rent increases.
- 15-Year Absolute NNN lease structure with ±14 years remaining on initial lease – zero management responsibility.
EXECUTIVE SUMMARY
Average household income exceeds $114,234 within a 3-mile radius. 5-mile population of ±97,581 residents and projected population growth of 8.76% over the next 5 years. Located off N state Hwy 78 which sees over 30,000 vehicles per day.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,267 SF
Building Class
C
Year Built
2023
Price
$2,652,192
Price Per SF
$235.39
Cap Rate
6.35%
NOI
$168,414
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
7.14 AC
Zoning
AG - Agriculture land
Frontage
300’ on South State Highway 78
PROPERTY TAXES
| Parcel Number | R-2381-00D-0010-1 | Improvements Assessment | $6,879,235 |
| Land Assessment | $3,108,440 | Total Assessment | $9,987,675 |
PROPERTY TAXES
Parcel Number
R-2381-00D-0010-1
Land Assessment
$3,108,440
Improvements Assessment
$6,879,235
Total Assessment
$9,987,675
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