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34243741
34243745

8841 N Hwy 171, Godley, TX 76044-3474

HL
TX TX 724882
Summit Real Estate
Summit Real Estate
PT
TX 793517
Summit Real Estate
Listed by Summit Real Estate
$2,680,000
3 days on market
Updated 3 days ago

Highway 171 Commons

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,150
Cap Rate 8.00%
NOI $214,142
Occupancy 100%
Tenancy Multi
Price per SqFt $329
Year Built 2022
Buildings 2
Acreage 0.780
Investment Type Stabilized

Retail | 8.00% CAP | 8,150 SqFt

Marketing description

Highway 171 Commons is a 100% occupied neighborhood retail center located on Godley's main thoroughfare. The property features modern 2014/2022 construction with 8,150 square feet of gross leasable area situated on 0.78 acres. The center benefits from exceptional visibility and accessibility along State Highway 171, one of Godley's most heavily traveled thoroughfares and primary retail corridors.

The property features a well-balanced tenant mix comprised of service-oriented and daily-needs retailers that generate consistent consumer traffic and serve the surrounding community. Tenants include State Farm, Glazed and Confused, Godley Nutrition, Tan Dat Wildcat, The Hubb, Grace Boutique, and Rustic Memories.

The property is surrounded by major master-planned and residential developments including Godley Ranch, Star Ranch, Hadley Farms, and Fox Hollow, providing a growing customer base for existing tenants. The area features affluent demographics with average household incomes above $122,000 within one mile and 286% population growth since 2020, making Godley one of the fastest growing cities in DFW.

Investment highlights

  • 100% Occupied Neighborhood Retail Center Located on Godley's Main Thoroughfare
  • Well Balanced Tenant Mix Comprised of Service-Oriented and Daily-Needs Retailers that Generate Consistent Consumer Traffic and Serve the Surrounding Community
  • Modern 2014/2022 Construction Minimizing Near-Term Capital Expenditures
  • Exceptional Visibility and Accessibility Along State Highway 171, One of Godley's Most Heavily Traveled Thoroughfares and Primary Retail Corridors
  • Affluent Demographics with Average Household Incomes Above $122,000 Within One Mile
  • 286% Population Growth Since 2020 – Considered One of the Fastest Growing Cities in DFW (Read More HERE)
  • Surrounded by Major Master-Planned and Residential Developments Including Godley Ranch, Star Ranch, Hadley Farms, and Fox Hollow, Providing a Growing Customer Base for Existing Tenants
  • Well Positioned to Benefit from Continued Growth Throughout the Southwest DFW Metroplex as New Residents, Rooftops, and Retail Demand Continue to Enter the Market

Listing Contacts

HL
TX TX 724882
Summit Real Estate
Summit Real Estate
PT
TX 793517
Summit Real Estate
Listed by Summit Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$214,142.00
$17,845.17/mo

Valuation Metrics

0
DSCR
7.99%
Cap Rate
7.99%
ROI

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Additional Information

Name
Hudson Lambert
License
TX 724882
Brokerage Phone
6029303833
Name
Andrew Williams
License
828215
Brokerage
STRIVE
Brokerage Phone
3185479965
Title
Associate
Name
Parker Tims
License
793517
Brokerage
Summit Real Estate
Brokerage Phone
972-765-7240
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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