Forest Park Center is an 18,303-square-foot neighborhood shopping center situated on a 1.29-acre corner parcel in one of Fort Worth’s most established residential areas. The property’s functional layout, excellent visibility, and multiple points of ingress and egress create a highly functional retail layout that has successfully served neighborhood retailers and service providers for decades. The property’s existing tenant mix reflects the everyday services that anchor successful neighborhood shopping centers, creating a merchandising plan that is difficult to replicate and attractive to future tenants.
Currently 53 percent occupied, the center presents a compelling opportunity to create value through the lease-up of existing vacancy while benefiting from an established operating history and a diverse mix of neighborhood-serving tenants. Approximately 8,500 square feet of vacancy consists of multiple flexible suite sizes, including a second-generation restaurant space, allowing ownership to target a broad range of neighborhood retailers, restaurants, medical users, and service businesses.
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ESTABLISHED NEIGHBORHOOD SHOPPING CENTER
Forest Park Center has served the surrounding community for decades and occupies one of the few neighborhood shopping centers within this highly established area of Fort Worth. The property’s mature trade area, affluent surrounding neighborhoods, and limited opportunities for new competing retail create a durable long-term investment foundation.
BELOW REPLACEMENT COST WITH HIGH BARRIERS TO ENTRY
Acquiring an existing neighborhood shopping center in this location is significantly more economical than developing a comparable project today. Rising land values, construction costs, and limited development opportunities create meaningful barriers to new competition while enhancing the long-term value of existing neighborhood retail assets.
COMPELLING VALUE-ADD WITH MULTIPLE AVENUES FOR NOI GROWTH
The current vacancy provides immediate upside through lease-up, while additional NOI growth can be achieved through lease-up, contractual rent increases, expense recoveries, and continued stabilization.
SIGNALIZED HARD-CORNER LOCATION
The property occupies the signalized intersection of Forest Park Boulevard and Park Hill Drive, providing excellent visibility, multiple points of ingress and egress, and convenient access for the surrounding residential community and nearby employment, healthcare, and educational institutions.
DIVERSE DEMAND DRIVERS CREATE A RESILIENT CUSTOMER BASE
The property benefits from a highly diversified consumer base supported by Texas Christian University, the Fort Worth Medical District, Downtown Fort Worth, the Near Southside, the Fort Worth Zoo, and established residential neighborhoods.
PROVEN NEIGHBORHOOD TENANT MIX
The existing tenant roster demonstrates the property’s appeal to neighborhood-serving retailers, while nearby lease comparables support continued leasing activity at attractive rental rates. The center’s functional suite sizes, second-generation restaurant space, and established presence position it well to capitalize on future tenant demand.
