The Shops at Hurst

Price: $4,400,000
Sq. Ft.: 17,780
Cap Rate: 6.33%
Pro Forma Cap Rate: 8.04%
Built: 2016
NNN, Gross
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The Shops at Hurst is a 17,780-square-foot, multi-tenant retail center strategically positioned along West Pipeline Road in the heart of Hurst, Texas. The property is currently 88 percent occupied with 54 percent of the gross leasable area on triple-net terms and features a service-oriented tenant mix anchored by daily-needs retail, providing durable in-line traffic and recurring consumer demand. Tenants include Pizza Hut, Workout Anytime, Dr. Jin Lin Dentistry, Texas Tumble Wash, Total Wireless, and NK Beauty Bar. The center benefits from strong physical fundamentals including modern 2016 construction and a low-maintenance metal roof design.

The property is located along Pipeline Road in Hurst, Texas, within the highly desirable Mid-Cities submarket between Dallas and Fort Worth—an infill, supply-constrained trade area characterized by dense residential population, strong household incomes, and exceptional regional connectivity.  The immediate trade area features a dense concentration of national retailers, including Walmart Neighborhood Market (shadow anchor), Dollar Tree, Advance Auto Parts, America’s Best Contacts & Eyeglasses, and a wide range of QSR and fast-casual dining options—creating a highly synergistic retail ecosystem that reinforces consistent consumer draw.

Value-Add Upside Through Lease-Up & Mark-to-Market

  • 12% vacancy provides immediate leasing opportunity
  • In-place rents (~$21.41/SF) significantly below nearby comparable centers (up to ~$34–$40/SF)
  • Ability to drive NOI growth through renewals and re-tenanting strategy

 

Shadow-Anchored by High-Performing Walmart Neighborhood Market

  • Walmart generates over 1.1 million annual visits, creating consistent daily traffic

 

Dominant Regional Retail Corridor Near North East Mall

  • Located <1.5 miles from North East Mall super-regional trade node
  • Immediate proximity to a dense cluster of national retailers and restaurants
  • Benefits from regional draw and cross-shopping traffic patterns

 

Strong Infill Mid-Cities Location (DFW)

  • Positioned between Dallas and Fort Worth in a mature, high-barrier-to-entry submarket
  • Over 256,000 residents within five miles with continued population growth
  • Established residential base with limited new competing retail supply

 

Service-Oriented, Internet-Resistant Tenant Mix

  • Tenants include fitness, medical, beauty, telecom, and QSR uses
  • Daily-needs and experiential categories drive repeat visits and tenant retention
  • Reduced exposure to e-commerce disruption relative to traditional retail

 

Functional, Modern (2016) Construction

  • Durable stucco/stone design with low-maintenance metal roof
  • Efficient suite sizes attractive to today’s small-shop tenants

 

Strong Traffic & Accessibility

  • Located on West Pipeline Road (~18,470+ VPD) with excellent visibility
  • Immediate access to Loop 820 and TX-183 (Airport Freeway)
  • Convenient connectivity to DFW Airport and major employment corridors