Alta Mere Crossing is a value-add, 12,030-square-foot, multi-tenant retail center located in Fort Worth, Texas. The center is currently 85 percent occupied, and 70 percent of the gross leasable area has triple-net leases providing significant upside potential to a future investor. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including Adam & Eve, Joe’s Pasta & Pizza, Ocean Spa, Goodwill Industries, Game X Change, and a Vape Shop. Constructed in 2004, the building is positioned on a 1.30-acre parcel with ample paved parking.
Alta Mere Crossing is located on Alta Mere Drive at the signalized intersection with Green Oaks Road with close access to Interstate 30. Traffic counts in front of the property exceed 28,854 vehicles per day. Shadow-anchored by ALDI and Lowe’s Home Improvement, the center is located in a heavy retail trade area and is surrounded by many national and regional retailers including Walmart Supercenter, Sam’s Club, Shoe Dept., Smoothie King, T-Mobile, Petco, Half Price Books, McDonald’s, Target, Harbor Freight Tools, PetSmart, JOANN Fabric and Crafts, Dollar Tree, Ross Dress for Less, and more. Alta Mere Crossing is also in close proximity to Ridgmar Mall, anchored by Dillard’s Clearance Center, JCPenney, and Rave Cinemas. The property is located less than four miles from the Lockheed Martin corporate office and the Naval Air Station Fort Worth Joint Reserve Base, home to a variety of Navy, Marine Corps, Air Force, Army and Texas National Guard units with more than 10,000 active duty military, guardsmen, reservists, and civilian employees. The surrounding area has excellent demographics with 211,751 residents within five miles and an average household income of $86,835.
- 12,030-Square-Foot, Multi-Tenant Retail Center
- Shadow-Anchored by Aldi and Lowe’s Home Improvement | Lowe’s Drives Approximately 615,000 Visits Annually (Source: Placer.ai)
- 85% Leased | 70% of the Gross Leasable Area has Triple-Net Leases | Significant Upside Potential to Future Investor | Pro Forma Cap Rate is 10.65%
- Tenant Base is a Complementary Mix of Largely Internet-Resistant Businesses
- Located at the Signalized Intersection of Alta Mere Drive and Green Oaks Road | Traffic Counts in Front of the Property are Approximately 28,854 Vehicles per Day
- Location Benefits from Close Proximity to the Naval Air Station Fort Worth Joint Reserve (NAS JRB) and Lockheed Martin, Two of Fort Worth Major’s Employers | NAS JRB is Home to 10,000+ Active Duty Military, Guardsmen, Reservists, and Civilian Employees
- Near Numerous and Regional Tenants, Including Walmart Supercenter, Sam’s Club, Shoe Dept., Smoothie King, T-Mobile, Petco, Half Price Books, McDonald’s, Target, Harbor Freight Tools, PetSmart, JOANN, Dollar Tree, Ross Dress for Less, and Many More
- One-Half Mile from Ridgmar Mall | 55+ Retailers Including Dillard’s Clearance Center, JCPenney, and Rave Cinemas
- Extremely Dense Residential Area of West Fort Worth | Population is Approximately 211,751 Residents within Five Miles
