This offering presents a value-add opportunity to acquire a multi-tenant retail center in one of the most historic neighborhoods of Fort Worth. The center is currently 39 percent occupied, providing tremendous upside potential in filling the vacant spaces. Tenants consist of Bobby Norris Farm & Ranch Realty and Tommy’s Hamburgers. Both leases are triple-net and have personal guarantees. Two vacant suites make up the remaining leasable area. Originally constructed in 1980, the building is situated on approximately 0.849 acres and includes a newly paved parking area behind the building.
• Value-Add Opportunity in One of Fort Worth’s Most Historic Neighborhoods | Located On The Bricks (Most Famous Section of the Camp Bowie District)
• Currently 39% Occupied with Two Vacant Spaces | Tremendous Upside Potential | Pro Forma CAP Rate is 10.29%
• Both Leases are Triple-Net and Have Personal Guarantees
• Includes Newly Paved Parking Behind the Building
• Located Directly North of I-30 on the Hard Corner of Camp Bowie Boulevard and Prevost Street
• Premier Location in Close Proximity to Some of Fort Worth’s Most Prestigious and Well Established Neighborhoods (Arlington Heights, River Crest, Monticello and Crestwood), the Cultural Arts District, West 7th Street District, Downtown Fort Worth, and I-30
• Excellent Demographics | Five Mile Population of 253,700 Residents |One Mile Average Household Income is $81,300
