2640 Fm 544Wylie, TX 75098

Property Details for 2640 Fm 544

Year built

2014

Lot size

1.08 AC

Property size (Sq ft)

8,000 SF

Property type

Office buildings

APN

R-10530-00A-0010-1

APU

R1053000A00101

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,761,813

  6.5%

  $1,626,289

  7%

  $1,510,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,170,092

  Geo Method

  $962,560

• Alternative Use

  Use

  Valuation

  Residential

  $2,016,598

  Hospitality

  $1,847,193

  Educational

  $1,536,843

  Medical

  $1,589,697

  Retail

  $2,390,644

Location Insight

City

Wylie

County

Collin

State

Texas

Latitude

33.0106

Longitude

-96.5777

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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