Cannon Crossing

Price: $7,692,500
Sq. Ft.: 19,036
Cap Rate: 5.7%
Built: 2016

Cannon Crossing is a 19,036-square-foot, multi-tenant retail center located in Roanoke, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Jazzercise of Roanoke, Benjamin’s Pizza, Yumilicious Frozen Yogurt, Mr. Donut Shop, Doyle Chiropractic, Ayni Skate Shop, North Texas Dynamic Bike Fit, Roanoke Martial Arts, and West Dental Care. Constructed in 2016, the building is situated on a 3.88-acre lot with concrete parking.

  • 19,036-Square-Foot, Multi-Tenant Retail Center Located in a High Growth Area of North Fort Worth
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
  • Current Average Rents are Below Market | Upside Potential in Securing Lease Renewals at Market Rates
  • Building is Newer (2016) Construction with Attractive Architecture | Situated on a Large 3.88-Acre Lot with Concrete Parking
  • Located on the Signalized Hard Corner of Byron Nelson Boulevard and Cannon Parkway | Traffic Counts in Front of the Property Exceed 13,653 Vehicles Per Day
  • Strong Demographics | Highly Affluent Area with an Average Household Income of Approximately $152,708 within Five Miles
  • Short Distance from Historic Downtown Roanoke | Popular Destination with Unique Dining, Boutique Shops and Entertainment Venues | Appointed by the Texas House of Representatives as “The Unique Dining Capital of Texas”
  • The Location Benefits from a Large Workforce Population from Nearby Corporate Headquarters for Charles Schwab, TD Ameritrade, Fidelity Investments, Sabre, and the Deloitte University Leadership Center | Deloitte Hosts more than 65,000 Guests Annually
  • Conveniently Located Between the Dallas-Fort Worth International Airport (Fourth Largest International Airport in the World) and the Fort Worth Alliance Airport, the Cornerstone for the Nation’s Fastest-Growing Industrial Complex (Alliance Global Logistics Hub)