Broad Street Marketplace is an 18,530-square-foot, two-tenant retail center located in Mansfield, Texas. Shadow-anchored by Market Street, the center is 100 percent occupied with triple-net leases, and both tenants have multiple renewal options with scheduled rent increases. The tenant base consists of Medical City Healthcare and Mattison Avenue Salon Suites & Spa. Constructed in 2018, the subject property is situated on a total of 3.55-acres with concrete parking and a highly visible pylon sign that provides exposure to the center.
The subject property is in a prime location, positioned near the intersection of East Broad Street and Cannon Drive with close access to State Highway 360. Traffic counts in front of the property on East Broad Street are approximately 27,455 vehicles per day. In addition to Market Street, additional pad sites surrounding the center include Andy’s Frozen Custard, Costa Vida, Raising Cane’s, Salata, Blaze Pizza, Orangetheory Fitness, and Nothing Bundt Cakes. Numerous other national and regional retailers in the neighboring area include Kroger Marketplace, Chick-fil-A, Starbucks, Whataburger, Tropical Smoothie Café, Rosa’s Café & Tortilla Factory, F45 Training, Sugaring NYC, and many more. Broad Street Marketplace is also in close proximity to Methodist Mansfield Medical Center, a 294-bed acute care hospital which has grown to include more than 1,300 skilled nurses and ancillary staff, supported by a team of more than 500 independently practicing physicians.
• 18,530-Square-Foot, Two-Tenant Retail Center | Newer (2018) Class A Construction
• Shadow-Anchored by Market Street (Not a Part) | High-Volume Specialty Grocer Hosting 1.1 Million Visits Annually (source: Placer.ai)
• Fully Stabilized Asset | 100% Occupied | 100% Triple-Net Leases
• 43% of the GLA is Leased to Medical (Medical City Healthcare) | The Medical City Suites Include Solis Mammography, Matlock OBGYN, and Medical City Specialty Care
• 57% of the GLA is Leased to Mattison Avenue Salon Suites & Spa
• Current Average Rents are Below Market
• Located in a Prime Retail Corridor, Positioned Near the Intersection of East Broad Street and Cannon Drive | Traffic Counts in Front of the Property are Approximately 27,455 Vehicles per Day
• Adjacent Pad Sites Include Orangetheory Fitness, Nothing Bundt Cakes, Andy’s Frozen Custard, Costa Vida, Salata, Blaze Pizza, and More
• Adjacent to Mansfield High School | Current Enrollment is 2,590+ Students
• Close Proximity to Methodist Mansfield Medical Center | 294-Bed Acute Care Hospital with More Than 1,300 Skilled Nurses and Ancillary Staff and More Than 500 Independently Practicing Physicians
• Highly Affluent Area | One-Mile Average Household Income is $148,324 | Three-Mile Average is $132,405 | Five-Mile Average is $121,093
• Mansfield is Experiencing Tremendous Growth, Including Development of the 870-Acre Master-Planned South Pointe Community, The Shops at Broad Development Including a 405,000-Square-Foot Shopping Center and Apartments, and Completion of Texas Highway 360
