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Royse City Retail Center 610 W Interstate 30 20,621 SF 100% Leased 4-Star Retail Building Royse City, TX 75189 $7,222,000 ($350.23/SF) 6.25% Cap Rate
Investment Highlights
- 100% Leased 2024 Construction Retail Center in Affluent and High- Growth DFW Submarket of Royse City, Texas
- Shadow Anchored by Walmart & Lowe’s with Strong Fundamentals Including Shallow Bay Depth and Brick Masonry
- Average Household Income Exceeds $110,740 & $128,200 in a 1 & 3 Mile Radii, Respectively
- Average Primary Lease Term of 9.2 Years
- Royse City has Seen Significant Growth with Over 15,000 Future Single-Family Homes Approved or Recently Constructed
- Just Off Interstate 30 with Traffic Counts Exceeding 83,400 VPD
Executive Summary
2024 construction, 20,621 square foot retail center shadow-anchored by Walmart and Lowe’s in the affluent high growth DFW submarket of Royse City, Texas. The Property is leased to a relevant mix of restaurant and retail service users with an average base lease term expiration of February 2034. Royse City is among the fastest growing submarkets in DFW with a population growth of over 197% in a 1-mile radius since 2000. Average household incomes exceeds $110,740 and $128,200 in a 1 and 3 mile radii, respectively.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
20,621 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$7,222,000
Price Per SF
$350.23
Cap Rate
6.25%
NOI
$451,378
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
2.16 AC
Frontage
372’ on Interstate 30
Nearby Major Retailers
1 of 4
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Royse City Retail Center | 610 W Interstate 30
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