6970 FM741
Forney, TX
Price:
$1407000
Cap Rate:
6.15%
NOI:
$86,505
Building Size:
Approx. 9100 Sq. Ft.
Lot Size:
Approx. 1.07 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2016
Investment Overview
- New Construction | 9,100+/- SF Building on 1.07+/- Acre Site
- 15-Year Corporate Absolute NNN Lease beginning April 2016
- Located along FM 741 (9,000 VPD), just N of Interstate 20 (34,000 VPD)
- North of The Heartland Community (2,000-Acre Master Planned Community)
- Area Attractions: Lake Ray Hubbard | Mesquite Pro Rodeo | Tanger Outlet
- Major Employers: Forney ISD (1,394 Empl.), SMURFIT KAPPA (260 Empl.)
- 5-Miles Radius: 2015 Est. Population: 35,950 | 3-Mile Avg. HH Income: $97,758
- Forney is the fastest growing city in Kaufman County & located 21-Miles E of Dallas
- Dallas – Fort Worth – Arlington MSA: 4th Largest MSA in the US | Population: 6,526,548