SoHigh Village

Price: $6,200,000
Sq. Ft.: 31,280
Cap Rate: 8.5/10.62%
Built: 2008
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Marcus & Millichap is pleased to offer the opportunity to acquire a value-add, multi-tenant retail center in Fort Worth, Texas. SoHigh Village is currently 83 percent occupied, providing significant upside potential in leasing the vacant space. All in-place leases are triple-net. Tenants include The Spa Glam & GQ Salon, RZ Bar, M&K Mediterranean Market, Marco’s Pizza, Tarrant Liquor, The Pho House, Nevaeh Organic Salon, Driving School, Boutique, Mexican Restaurant, and Swad Indian Restaurant. Additional income is derived from new five-year cell tower lease that has nine five-year renewal options. Constructed in 2008, the subject property consists of three buildings situated on 3.47 acres.

  • Value-Add Retail Investment Opportunity in a Desirable North Fort Worth Market | High Growth, Highly Affluent Area
  • 31,280-Square Foot Retail Center | Currently 83% Occupied | Significant Upside Potential with a 10.6% Pro Forma Cap Rate
  • Current Rents are Below Market, Providing Additional Upside
  • Leases are Triple-Net
  • Additional Income Derived from a New Cell Tower Lease
  • Complementary Mix of Internet-Resistant Tenants
  • Comprised of Three Buildings on 3.47 Acres | Newer 2008 Construction with an Attractive Facade and Landscaping
  • Located at the Signalized Hard-Corner of North Tarrant Parkway and Park Vista Boulevard | Additional Access from Sohi Drive | Cumulative Traffic Counts are Approximately 40,000 Vehicles per Day
  • Shadow-Anchored by Natural Grocers  | Kroger is Directly Across North Tarrant Parkway | Both are Traffic Drivers to the Area
  • Less than One Mile West of a Dense Retail Trade Area at the Intersection of State Highway 377 (Denton Highway) | Numerous National and Regional Tenants Including Target, The Home Depot, Kohl’s, LA Fitness, Sprouts, Staples, Dollar Tree, Academy Sports and Outdoors, and Office Depot
  • H-E-B Grocery has Identified Land in the Northwestern Corner of Highway 377 and North Tarrant Parkway for Potential Future Development
  • Surrounding Area has Excellent Demographics | One-Mile Average Household Income is $117,671 | Five-Mile Population Exceeds 294,900 Residents