Altamesa Court

Price: $4,075,000
Sq. Ft.: 35,213
Cap Rate: 7.0%
Built: 1986

Altamesa Court is a 100 percent occupied, 35,213-square-foot, multi-tenant retail center located in a densely populated area in the southern portion of Fort Worth, Texas. Tenants are a complementary mix of internet-resistant, service-oriented businesses and include Benjamin Winn, Gala Venue, Hair Doctor #2, CDMM Enterprises, Vital Signs and Graphics, and Caregiver, Inc. Approximately 88 percent of the gross leasable area has triple-net leases, providing an investor upside potential in converting all leases to triple-net. Constructed in 1986, the building is situated on a 3.02-acre lot with ample paved parking and a highly visible double-sided pylon sign that provides exposure to the center.

  • 35,213-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | 88% of the Gross Leasable Area has Triple-Net Leases
  • Complementary Mix of Local Tenants that are Internet-Resistant, Service-Oriented Businesses
  • Current Average Rents are Below Market
  • Priced at $115 per Square Foot | Well Below Replacement Cost
  • Situated on a 3.02-Acre Lot with Ample Paved Parking | Double-Sided Pylon Sign at the Entrance Enhances Visibility
  • Near the Signalized Intersection of Altamesa Boulevard and McCart Avenue with Ingress and Egress Points from Both Roads| Property Benefits from High Traffic Counts | 15,718 Vehicles per Day on Altamesa Boulevard | 32,681 Vehicles per Day on McCart Avenue
  • Near Many National Retailers Including Kroger, Walmart, ALDI, Albertsons, AT&T, dd’s Discounts, Wingstop, Cato Fashions, Citi Trends, T-Mobile, Sally Beauty, Chick-fil-A, GameStop, McDonald’s, CVS, Advance Auto Parts, Pet Supplies Plus, Cook Children’s Neighborhood Clinic, Big Lots, and More
  • Extremely Dense Residential Area of South Fort Worth | Population is Approximately 265,100 Residents within Five Miles
  • Located 10 Miles South of Downtown Fort Worth | Fort Worth is the Fifth Largest City in Texas