379 E FM 1382
Cedar Hill, TX 75104
Cedar Hill Retail · Retail Property For Sale

Cedar Hill Retail is a newly constructed 7,500 sf 3-tenant center that is 100% Leased with McAlister’s Deli, Smoothie King, and ATI Physical Therapy in a rapid growing submarket of Dallas/Fort Worth, Cedar Hill, TX. Cedar Hill is located less than 20 miles southwest of downtown Dallas and is one of the fastest growing cities in the Dallas/Fort Worth metro. Within the last six years, thousands of new homes and more than 2 million square feet of retail have been added to Cedar Hill, and because of the city’s rapid growth and central location it has become a regional purchasing center for nearly 200,000 people. Cedar Hill Retail is just off the intersection of Highway 67 and FM 1382. The traffic count reported at this intersection in 2016 was nearly 70,000 cars/day, as Highway 67 serves as access to IH-20, IH-35, and IH-45. Cedar Hill Retail is well positioned in a very dense retail corridor, and is an out-parcel to a Home Depot and Albertsons anchored center. Other major retailers in the immediate corridor include: Hillside Village (600,000+ Lifestyle center), Walmart Supercenter, Super Target, Kohl’s, Sprouts, Ross, 24-Hour Fitness, Kroger, Best Buy, Bed Bath & Beyond, HomeGoods, Hobby Lobby, Cinemark, and Strayer University. In addition to being in a dense retail market, the property sits in a dense population area as well, with over 13,000 people in a 1-mile radius and nearly 150,000 in a 5-mile radius. Over the next five years, the 1-mile and 3-mile population is expected to grow over 10%, and about 8% in the 5-mile. Texas, currently ranked #1 in the nation for economic climate and #2 on Forbes’ “Best States for Business” continues to be one of the top states in the nation for economic and population growth and Dallas is a big reason behind that. The Dallas/Fort Worth MSA is the fourth most populous metro in the nation with more than 7.1 million residents. The metro is also one of the nation’s largest employment markets with nearly 3.6 million jobs. The region is home to 21 Fortune 500 companies and it is forecasted that the area will add jobs at an annual rate of 1.5 percent through 2021, well above the U.S. level. Cedar Hill Retail, built in 2017, is currently 100% occupied with all new 10-year NNN leases (including management reimbursement) with rental increases every five years. The largest tenant, McAlister’s Deli (The Saxton Group), occupies 49% of the GLA. The Saxton Group is one of the largest franchisees in the country with over 75 McAlister’s locations (over 25 in the DFW Metro). The next largest tenant is ATI Physical Therapy (corporate lease), which occupies 33% of the GLA. ATI was founded in 1996 in Bolingbrook, IL and currently operates over 600 clinics in 24 states. The last tenant, Smoothie King (franchisee) occupies 17% of the GLA.