Kroger Acquires 14 Acres Of Land In Little Elm From Dollar-Flowers Realty Partners
Building Size
—
Asset Type
Land
Closing
Jan 20, 2025
AI
A 14-acre land parcel was acquired by Kroger from Dollar-Flowers Realty Partners. The property is located at the intersection of US 380 and FM 2931 in Little Elm, TX.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not disclosed
- Buyer: W. Rodney McMullen
- Seller: Dollar-Flowers Realty Partners
- Brokers: Edward Bogel, Ryan Turner & David Davidson Jr. - Davidson Bogel Real Estate
- Market: Little Elm
The transaction involved key representatives, including W. Rodney McMullen, acting on behalf of Kroger which is strategically positioned near a planned Target-anchored retail center and a proposed Sprouts-anchored shopping center. The brokerage firm Davidson Bogel Real Estate played a critical role in facilitating the deal for the buyer.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93