Marcus & Millichap closed the sale of Abrams Forest Shopping Center, a 24-unit retail strip in Dallas, Texas.
Philip Levy, investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both local Dallas-Fort Worth developers.
Abrams Forest Shopping Center, built in 1971, comprises two adjacent multi-tenant buildings totaling 69,820 square feet, along with a separately parceled 13,013-square-foot, single-tenant building ground leased to CVS. The 7.77-acre property is shadow-anchored by a Walmart Supercenter that sees over 2.3 million annual visits. The center is 61 percent occupied with all tenants on triple-net leases and includes a mix of national and local retailers including Dollar Tree, AutoZone and T-Mobile.
