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Sherwin-Williams Retail 410 E Fm 544 11,618 SF 100% Leased Retail Building Murphy, TX 75094 $6,771,000 ($582.80/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- 100% Leased Neighborhood Retail Asset Located in the Dense & Affluent DFW Submarket of Murphy, TX
- Situated at FM 544 & Murphy Road; with Combined Traffic Volumes of Over 71,400 VPD
- Over 471% Population Increase from 2000 to 2025 in a 1-Mile Radius
- Thriving Retail Trade Area with Over 2.2MM SF of Retail GLA in a 2 Mile Radius
- Average Household Income of $176,000 & $173,000 in a 1 & 3-Mile Radii, Respectively
EXECUTIVE SUMMARY
Sherwin-Williams Retail is a 11,618 square foot neighborhood retail asset situated on 1.58 acres in the affluent and dense northern Dallas/Fort Worth submarket of Murphy. Located off the well-traveled intersection of FM 544 and Murphy Road, the Property benefits from excellent visibility along FM 544 and experiences combined traffic volumes in excess of 71,400 vehicles per day. Sherwin-Williams Retail is located approximately 30 minutes north of Downtown Dallas with close proximity to major Texas thoroughfares, US-75 and President George Bush Turnpike. The Property is 100% leased to a complementary tenant mix including Sherwin-Williams, ATI Physical Therapy, Woodcreek Family Dental, Café De Khan and Alzarrad Syrian Eatery. In-place average rents at the Property are only $34.97 PSF NNN, which is considered to be at or below market for comparable retail space. Sherwin-Williams Retail benefits from parallel frontage to FM 544, ample parking (71+ parking spaces), multiple ingress/egress points of access along FM 544 and Brand Road, highly visible two-sided monument sign, partial masonry construction and average suite size of 2,324 square feet providing strong residual value.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,618 SF
Building Class
B
Year Built
2017
Price
$6,771,000
Price Per SF
$582.80
Cap Rate
6%
NOI
$406,290
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.58 AC
Parking
66 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
265’ on West Farm to Market Road
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-4404-00B-001B-1 | Improvements Assessment | $4,210,993 |
| Land Assessment | $1,926,607 | Total Assessment | $6,137,600 |
PROPERTY TAXES
Parcel Number
R-4404-00B-001B-1
Land Assessment
$1,926,607
Improvements Assessment
$4,210,993
Total Assessment
$6,137,600
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Sherwin-Williams Retail | 410 E Fm 544
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