Marcus & Millichap Brokers Sale of 24-Unit Retail Property in Dallas, Texas

Strategic Insights -

The Abrams Forest Shopping Center, a 24-unit retail strip in Dallas, Texas, has been sold to local Dallas-Fort Worth developers by Marcus & Millichap. The property, comprised of two adjacent multi-tenant buildings and a single-tenant building ground leased to CVS, is strategically located in the Forest corridor, which is seeing significant investment from the city. With a convenience- and service-heavy merchandising plan, the center is well-positioned to benefit from the low-vacancy, supply-constrained market in DFW.

Key Takeaways:

  • 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.
  • Marcus & Millichap's investment specialist, Philip Levy, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both local Dallas-Fort Worth developers.
  • The sale was facilitated by Marcus & Millichap's research and advisory services, which provide clients with comprehensive market knowledge and analysis.
  • As of December 31, 2024, Marcus & Millichap had 1,712 investment sales and financing professionals in over 80 offices, providing investment brokerage and financing services to sellers and buyers of commercial real estate.
  • In 2024, Marcus & Millichap closed 7,836 transactions, with a sales volume of approximately $49.6 billion and a total of 9,510 commercial properties being marketed.

Statistics:

  • 24 units in the Abrams Forest Shopping Center
  • 69,820 square feet in the two adjacent multi-tenant buildings
  • 13,013 square feet in the separately parceled single-tenant building ground leased to CVS
  • 7.77 acres of property
  • 61% occupancy rate
  • Annual visits to the shadow-anchored Walmart Supercenter: over 2.3 million
  • Number of investors in the Dallas-Fort Worth region (according to Marcus & Millichap data)

Sources:

  • https://www.marcusmillichap.com/news-events/press/2025/10/10-14-abramsforestshoppingcenter
  • www.MarcusMillichap.com