5Terrell Square is a 31,766-square-foot neighborhood retail center situated on approximately 2.85 acres along North Rockwall Avenue in Terrell, Texas. The property is currently 79 percent occupied and is anchored by Dollar General, which has operated at the location since 1994, and Max Slayton Funeral Home, which occupies approximately 56 percent of the property’s gross leasable area.
Ownership has recently completed property improvements including exterior painting and upgraded exterior lighting. The center also offers approximately 6,628 square feet of available space, providing an opportunity to increase occupancy through future lease-up.
Terrell Square is located along North Rockwall Avenue in Terrell, approximately 32 miles east of Dallas and strategically positioned near U.S. Highway 80 and Interstate 20. The property is located just north of Downtown Terrell and benefits from convenient access to the city’s established residential neighborhoods, employment centers and commercial corridors.
VALUE-ADD UPSIDE THROUGH LEASE-UP
Approximately 6,628 square feet remains available, providing an opportunity to increase occupancy and grow income through future leasing.
79% OCCUPIED | LONG-TERM TENANT COMMITMENT
Dollar General and Max Slayton Funeral Home occupy 25,138 square feet, with both tenants having lease terms extending through 2030.
LONG-STANDING DOLLAR GENERAL TENANCY | 30+ YEARS AT THE PROPERTY
Dollar General has operated at Terrell Square since 1994, demonstrating a long operating history and established customer base at the location.
SUBSTANTIAL RESIDENTIAL & MIXED-USE DEVELOPMENT UNDERWAY IN TERRELL
Terrell’s expanding development pipeline is highlighted by Northspur, a 700-acre master-planned community planned for 1,527 single-family homes, and Terra Nova Village, a 48-acre mixed-use development planned to include residential and approximately 200,000 square feet of retail, restaurant and office space.
LOCATED IN ONE OF THE FASTEST-GROWING COUNTIES IN THE NATION
Terrell Square is located in Kaufman County, one of the nation’s fastest-growing counties. The county’s population has increased approximately 44% since 2020 and ranked #3 nationally for percentage population growth from 2024 to 2025.
LOW ACQUISITION BASIS | $56.26 PER SQUARE FOOT
Offered at $1,787,000, Terrell Square provides the opportunity to acquire a 31,766-square-foot retail center at just $56.26 per square foot.
RECENT PROPERTY IMPROVEMENTS
Ownership has recently invested in the property through exterior painting and upgraded exterior lighting, enhancing the center’s appearance and nighttime visibility.
