380 Center – Bridgeport, TX

Price: $2,275,700
Sq. Ft.: 18,092
Cap Rate: 9.04%
Built: 2005

380 Center is an 18,092-square foot multi-tenant retail center in Bridgeport, Texas. The center is currently 89 percent occupied, providing upside potential in leasing the vacant space. All leases are triple net. Tenants consist of Wise Liquors, H&R Block, Wise Health Clinic, Smoke Shop, Unique Nails, and Wise Rehab. The building was constructed in 2005 and is situated on 3.81 acres with a concrete parking lot. The parcel includes approximately one acre of land for future development as well as room for expansion on the east side of the existing building.

The subject property is located on US Route 380, a major east-west highway through North Texas, with traffic counts of approximately 14,000-vehicles per day. National and regional tenants in the surrounding area include Brookshire’s, La Quinta Inn & Suites, Pizza Hut, McDonald’s, AutoZone, Taco Mayo, Valu-Rite Pharmacy, Subway, Dollar Tree, and Domino’s Pizza. The average household income within five miles of the property is $66,250 with a population of approximately 9,300.

  • 18,092-Square Foot Multi-Tenant Retail Center

  • 89 Percent Occupied | Upside Potential in Leasing Vacant Space

  • Includes One Acre of Land for Possible Future Development of a 5,000-7,000 SF Building | Also Room for Expansion of Approx. 5,000 SF on East Side of Existing Building | Total 3.81 Acre Parcel with Ample Paved Parking

  • All Current Leases are Triple-Net

  • 53 Percent of the Gross Leaseable Area is Leased to Medical Tenants

  • Priced at $125 Per Square Foot

  • Located on US Route 380 | Major East-West Highway through North Texas

  • Bridgeport is Located 25 Miles Northwest of Fort Worth | Serves as the Economic Hub for over 23,000 Customers Within a 15-Minute Drive