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Marcus & Millichap Inc.
10/14/2025 | Press release | Distributed by Public on 10/14/2025 15:08
Marcus & Millichap Brokers Sale of 24-Unit Retail Property in Dallas, Texas
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Marcus & Millichap Brokers Sale of 24-Unit Retail Property in Dallas, Texas
October 14, 2025
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DALLAS, Oct. 14, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Abrams Forest Shopping Center, a 24-unit retail strip in Dallas, Texas.
"With the city investing in the Forest corridor and encouraging private refreshes of older strip centers, this location is well positioned to benefit," said Philip Levy, executive managing director investments. "In a low-vacancy, supply-constrained market like DFW, a convenience- and service-heavy merchandising plan should outperform at Forest and Abrams."
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.
"With the city investing in the Forest corridor and encouraging private refreshes of older strip centers, this location is well positioned to benefit," said Philip Levy, executive managing director investments. "In a low-vacancy, supply-constrained market like DFW, a convenience- and service-heavy merchandising plan should outperform at Forest and Abrams."
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.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on October 14, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 14, 2025 at 21:08 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]