Shops at North Murphy
100% OCCUPIED BY NNN TENANTS : E-COMMERCE RESISTANT MEDICAL & SERVICE MIX : MURPHY, TX
Marketing description
100% OCCUPIED BY NNN TENANTS
Shops at North Murphy is fully leased to four tenants on NNN leases, providing passive income and insulation from operating expenses.
E-COMMERCE RESISTANT MEDICAL & SERVICE MIX
61% medical and 39% service-oriented tenancy creates a needs-based retail profile, driving consistent daily traffic and long-term tenant retention.
SUPPLY-CONSTRAINED SUBMARKET
Limited new retail supply within an established, built-out suburban community. The site shares access with an adjacent 7-Eleven and serves as the sole multi-tenant retail center at the intersection of North Murphy Road and Betsy Lane.
STRONG DAILY TRAFFIC FROM NEARBY SCHOOLS
Immediate access to McMillen High School and surrounding campuses, generating consistent daily traffic.
EXCEPTIONALLY AFFLUENT DEMOGRAPHICS WITH $172K AVERAGE HOUSEHOLD INCOME
Murphy is one of the most affluent suburbs in Texas, boasting an average household income of $172,482 within a one-mile radius. A high homeownership rate of 93.7% and median property values of $555,500 signify a stable, invested, and long-term customer base.
EXPLOSIVE POPULATION GROWTH & DENSITY
Population projected to grow ~20%+ through 2029 across all trade area rings.
ACCESS TO MAJOR EMPLOYMENT HUBS
Located within commuting distance to major employment bases such as Plano/Legacy West, Richardson Telecom Corridor, Allen and McKinney growth markets, and more.
Investment highlights
Shops at North Murphy is a 7,782-square-foot, multi-tenant retail center situated on a 0.78-acre fee simple parcel in the affluent suburban community of Murphy, Texas, within Collin County—one of the fastest-growing and most economically dynamic regions in the Dallas-Fort Worth Metroplex. Constructed in 2019, the property is currently 100 percent occupied by a synergistic mix of medical and service-based retailers, including Murphy Dental, Bloom Pediatric Dentistry, Donut Bliss, and Paradise Nails. Designed with modern storefront retail and office configurations, the building features four suites and serves as the sole multi-tenant retail center at its specific intersection, sharing convenient access with an adjacent 7-Eleven.
The subject property is strategically positioned at the intersection of North Murphy Road and Betsy Lane, a highly trafficked thoroughfare handling over 28,100 vehicles per day. The site is located just one mile north of Farm to Market Road 544, the city's primary commercial corridor which sees over 43,000 vehicles daily and features major national retailers such as Walmart, Target, Lowe's, and Sprouts Farmers Market. The center benefits from its immediate proximity to a strong educational cluster, including McMillan High School, Murphy Middle School, Hunt Elementary, and Boggess Elementary, which collectively serve more than 4,000 students. This dense concentration of schools, along with the nearby Tom Kimbrough Stadium, generates significant daily traffic and provides a consistent consumer base for the property's service and medical tenants.
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