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US 380 Little Elm

Kroger Acquires 14 Acres Of Land In Little Elm From Dollar-Flowers Realty Partners
SOLDLand

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:

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

Ryan Turner

Davidson Bogel Real Estate

Broker

3 deals

Broker

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

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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