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801 W Palestine St 6,150 SF 100% Leased Retail Building Hutchins, TX 75141 $3,232,982 CAD ($525.69 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Retail Opportunities: One of the few retail shops in the area with 21 development projects projected
- Accessibility: Near major highways, I-45 and I-20.
- Education: The area is part of the Dallas Independent School District (DISD), with Wilmer Hutchins Elementary and High School located within 1 mile.
- Civic Development: A new City Hall, located just 0.2 miles from the property, is currently under construction and scheduled for completion in Q4 2025.
- Residential Development: Southaven by LGI Homes is currently under construction across the street, featuring approximately 700+ new homes.
- Future Development: A 37,250 Recreation Center & Library has been approved for development just across the property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
6,150 SF
Building Class
C
Year Built
1963
Price
$3,232,982 CAD
Price Per SF
$525.69 CAD
Cap Rate
7%
NOI
$226,367 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.53 AC
Zoning
LR
PROPERTY TAXES
| Parcel Number | 30009500060090200 | Improvements Assessment | $834,868 CAD |
| Land Assessment | $113,048 CAD | Total Assessment | $947,916 CAD |
PROPERTY TAXES
Parcel Number
30009500060090200
Land Assessment
$113,048 CAD
Improvements Assessment
$834,868 CAD
Total Assessment
$947,916 CAD
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801 W Palestine St
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