Shoppes at Forney Crossing is a 100 percent occupied, 12,598-square-foot, multi-tenant retail center located in the high growth Dallas suburb of Forney, Texas. Tenants are a complementary mix of national, regional, and local retailers, including Smile Workshop, Wing Snob, Citrus Nail Bar, Mariya’s Thai Restaurant, and Palio’s Pizza. All leases are triple-net, and the majority include scheduled rent increases during the term, providing income growth potential. Built in 2017, the building is situated on a 1.6-acre parcel with concrete parking.
The subject property is located at the intersection of FM 548 and East Broad Street; traffic counts in front of the property exceed 35,780 vehicles per day. Neighboring national and regional retailers include CVS Pharmacy, McDonald’s, RaceTrac, Cane’s, and Chipotle. Just north along Highway 80 is a dense trade area featuring retailers such as Kroger Marketplace, Kohl’s, Walmart, Pet Supplies Plus, Aspen Dental, Applebee’s, Care Now, O’Reilly Auto Parts, NTB, Chick-fil-A, Chili’s, CAVA, Starbucks, and many more. In addition, several new developments along Highway 80 include the highly-anticipated H-E-B grocery site, the Village at Gateway shopping center, and construction of a new Texas Health Resources Hospital. The hospital will be a full-service acute care facility and is expected to be completed in 2027. The average household income within one mile of the subject property is $103,874; $108,615 within three miles; and $104,851 within five miles.
- 12,498-Square-Foot, Multi-Tenant Retail Center Located in a High Growth Area
- Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net | Majority of Leases Have Scheduled Rent Increases During the Term
- Tenant Base Comprised of Internet-Resistant National, Regional, and Local Retailers
- Current Average Rents are Below Market
- Building is Recent (2017) Class ‘A’ Construction with an Attractive Architectural Design | Palio’s Pizza Cafe End Cap Includes a Patio Area for Outdoor Dining
- Well Positioned Along FM 548 at the Intersection of East Broad Street | Traffic Counts Exceed 35,780 Vehicles per Day
- Near Dense Retail Trade Area Along HIghway 80 | Close Proximity to Highly-Anticipated H-E-B Grocery Site, Village at Gateway Retail Development, and New Texas Health Resources Hospital (Construction Expected to be Completed in 2027)
- Close Proximity to Major Employers, Including Amazon Fulfillment Center, Goodyear Logistics Center, Hayes Retail Services, Smurfit Kappa Manufacturing, and Intex
- Highly Affluent Surrounding Area | Average Household Income is Approximately $103,874 within One Mile; $108,615 within Three Miles; and $104,851 within Five Miles
- Kaufman County is One of the Fastest-Growing Counties in the Nation, with an 18% Population Boost Between 2019 and 2021 and 7.6% Population Increase Between 2022 and 2023 | Forney Led the Nation in Population Growth at 51.2% Between 2020 and 2023
