111 I-45Ennis, TX 75119

Property Details for 111 I-45

Year built

2005

Lot size

0.67 AC

Property size (Sq ft)

4,160 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a vacant 4,160-square-foot retail building situated on a 0.67-acre lot in Ennis, Texas. Located in the Dallas MSA, this property boasts a prime location immediately off Interstate 45 at the intersection of Highway 34, experiencing high daily traffic volume of approximately 54,000 and 16,806 vehicles, respectively. The building, constructed in 2005, is an outparcel to the Ennis Crossroads Shopping Center, sharing convenient cross-access with Taco Bell and Chevron, and benefiting from excellent visibility with pole signage. The shopping center is anchored by a strong mix of national and regional tenants including Burkes Outlet, Hibbett Sports, Dairy Queen, Taco Cabana, and more. The surrounding area features a robust retail hub with major players such as Walmart Supercenter, Starbucks, McDonald's, Dollar Tree, Whataburger, AutoZone, Exxon, and Tractor Supply. The property's previous tenant was an IHOP, which will vacate on October 10, 2024, with rent payments continuing until April 13, 2025. The asking price is $2,300,000, representing an attractive 8.43% cap rate based on a net operating income (NOI) of $193,839. This property offers significant potential for a variety of QSR, restaurant, or storefront uses. The fee-simple ownership provides complete control and upside potential.

Location Insight

City

Ennis

County

Ellis

State

Texas

Latitude

32.3335

Longitude

-96.6156

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].