Victory Shops at Forney (FOR SALE)

Sale Price: $6,748,500

Building Size: 11,351 SF

Lot Size: 1.89 Acres

Price / SF: $594.53

Cap Rate: 5.35%

NOI: $361,042

Year Built: 2018

Victory Shops at Forney is a 100 percent occupied, 11,351-square-foot, multi-tenant retail center located in Forney, Texas. Tenants are a complementary mix of credit and local retailers, including My Eyelab, Empower Dental, Nail Lounge, Great Clips, and MOD Pizza. All leases are triple-net and include scheduled rent escalations during the primary term, as well as options for renewal with rent increases. The building is newer (2018) construction featuring an attractive architectural design and is situated on a 1.89-acre lot with concrete parking. Victory Shops at Forney benefits from a prime location in the area’s major retail trade area at the highly trafficked intersection of FM 548 and Highway 80, with traffic counts exceeding 75,000 vehicles per day. The center is shadow-anchored by a top performing Kroger Marketplace, ranking in the 94th percentile based on annual visitors to all Kroger stores in the state of Texas. Victory Shops at Forney is adjacent to more than 25 acres of land that is part of planned development projects that will feature additional retail and restaurant construction including a Kohl's-anchored center. The subject property is located in a dense retail trade area, neighbored by numerous national and regional tenants including Walmart, Lowe’s, AMC Theatres, Walgreens, CVS Pharmacy, O’Reilly Auto Parts, Starbucks, Chick-fil-A, Chili’s, ALDI, Golden Chick, Panera Bread, Smoothie King, Dollar General, Brookshire’s, and many others.? An Amazon warehouse and distribution center and Goodyear Logistics Center, two of Forney’s top employers, are located approximately three miles southeast of the property.

Victory Shops at Forney benefits from a prime location in the area’s major retail trade area at the highly trafficked intersection of FM 548 and Highway 80, with traffic counts exceeding 75,000 vehicles per day. The center is shadow-anchored by a top performingKroger Marketplace, ranking in the 94th percentile based on annual visitors to all Kroger stores in the state of Texas. Victory Shops at Forney is adjacent to more than 25 acres of land that is part of planned development projects that will feature additional retail and restaurant construction including a Kohl's-anchored center. The subject property is located in a dense retail trade area, neighbored by numerous national and regional tenants including Walmart, Lowe’s, AMC Theatres, Walgreens, CVS Pharmacy, O’Reilly Auto Parts,Starbucks, Chick-fil-A, Chili’s, ALDI, Golden Chick, Panera Bread, Smoothie King, DollarGeneral, Brookshire’s, and many others. An Amazon warehouse and distribution center andGoodyear Logistics Center, two of Forney’s top employers, are located approximately three miles southeast of the property.Forney is part of the Dallas-Fort Worth metroplex and is a city in Kaufman County, one of the fastest growing counties in the nation. U.S. Route 80 passes through the city as a fourlane limited-access highway, leading west 20 miles to the center of Dallas and east 11 miles to Terrell. With over 25,000 planned home lots and a growing area population expected to top 100,000 in just five years, Forney holds great potential for retail developers. Forney additionally is established as a location for industrial and commercial business. Made up oft wo business parks (North and South), Mustang Creek is situated on 54 acres of land, with137 buildings ranging in size from 5,000 up to 30,000 square feet for light manufacturing and service businesses. Located on the north and south sides of Forney and accessible by both U.S. Highway 80 and Interstate 20, Mustang Creek offers convenience, business amenities, and professional onsite management.

- Walmart

- Kowes

- Kroger

- Walgreens

- Chase bank

- Aldi

- Chickfile

- Amc

- National Tire & Battery

• 11,351-Square-Foot, Multi-Tenant Retail Center
• Fully Stabilized Asset | 100% Occupied | Long-Term Triple-Net Leases
• Building is New (2018) Class 'A' Construction with an Attractive Architectural Design

• Shadow-Anchored by a Top Performing Kroger Marketplace Store
• All Leases Include Rent Escalations During the Primary Terms and Options for Renewal

‍