For Sale
$4,115,000

2640 Fm 544 Wylie, TX 75098

High-Yield Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 8,116 square foot retail shopping center in Wylie, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts a 100% occupancy rate with a strong net operating income (NOI) of $257,080, translating to a 6.25% capitalization rate. The property is situated on a 1.08-acre lot at 2640 FM 544, benefiting from excellent visibility and accessibility, with over 33,000 vehicles passing daily. Its strategic location as an outparcel to a high-performing Kroger Marketplace (rumored to be in the top 5% of all DFW Kroger stores, and top 90% in Texas and 93% in the US based on Placer.ai data) ensures consistent traffic and strong anchor tenancy. The center also enjoys proximity to Wylie High School (a 6A public school with over 3,000 students), contributing to a robust local demographic. The surrounding area features a high average household income exceeding $133,000 within a 3-mile radius—nearly double the national average—and includes numerous national retailers such as Target, Walmart, Lowe's, and more. The property features triple-net (NNN) leases, providing a passive income stream with minimal landlord responsibilities. This is a rare opportunity to acquire a well-established, high-performing retail asset in a thriving Texas market. The asking price is $4,115,000.

Highlights

  • Fully occupied 8,116 square foot retail strip center in Wylie, TX.
  • 2015 construction with NNN leases.
  • Excellent tenant longevity with no turnover since construction.
  • High visibility and accessibility on FM 544, with over 33,000 vehicles passing daily.
  • Outparcel to a 123,000 square foot Kroger Marketplace, a strong anchor tenant driving significant traffic.
  • Located adjacent to Wylie High School, a 6A public high school with over 3,000 students.

Property Details for 2640 Fm 544

Property type
Lifestyle centers, Power centers
Square Feet
8,116 SF
Year Built
2015
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Wylie
County
Collin
State
Texas
Latitude
33.010494
Longitude
-96.5777263

FAQs

What type of property is this?
Lifestyle center - High-Yield Shopping Center, 100% Occupied
Where is the lifestyle center located?
The property is located at 2640 Fm 544 Wylie, TX.
What is the asking price?
The asking price for this property is $4,115,000.
What are key features of this property?
This property features: Fully occupied 8,116 square foot retail strip center in Wylie, TX.; 2015 construction with NNN leases.; Excellent tenant longevity with no turnover since construction.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2640 Fm 544
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message