Marcus & Millichap is pleased to offer the opportunity to acquire a 45,146-square-foot, two-tenant retail center located in the Fort Worth suburb of Crowley, Texas. Tenants consist of House of Air Indoor Trampoline Park and Dill Dinkers Pickleball. Dill Dinkers executed a new 10-year lease. All leases are triple-net and provide personal guarantees. The building was originally constructed in 1986 and sits on 3.65 acres with a large concrete parking lot.
Crowley Square Shopping Center is well positioned on the southwest corner of Main Street and Crowley Road. Traffic counts in front of the subject property are approximately 9,348 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Planet Fitness, McDonald’s, Sonic Drive-In, Walmart Supercenter, Domino’s Pizza, Great Clips, Rent-A-Center, Kroger, O’Reilly Auto Parts, Golden Chick, Pizza Hut, Starbucks, and many others. Crowley High School, with a current enrollment of approximately 2,351 students, is located less than two miles west of the subject property, and several other school campuses are in close proximity driving additional traffic to the area.
- 45,146-Square-Foot, Two-Tenant Retail Center
- 100% Leased to House of Air and Dill Dinkers Pickleball | Both Leases are Triple-Net and Include Personal Guarantees
- New 10-Year Lease with Dill Dinkers Pickleball | Dill Dinkers Franchises are Expanding Rapidly, with 325 Locations in Development Nationwide
- Priced at $147 Per Square Foot | Below Replacement Cost
- Landlord Reports the Parking Lot was Recently Restriped | Roof and HVAC are Less Than Five Years Old
- Adjacent Pad Sites Include a Planet Fitness-Anchored Retail Center, Boo Rays of New Orleans, McDonald’s, and Cash America Pawn
- Located on the Southwest Corner of Main Street and Crowley Road | Cumulative Traffic Counts Exceed 24,790 Vehicles per Day
- Crowley City Hall is Directly Across Main Street | Recently Received $5.5 Million Dollars in Streetscaping | Bike Lanes and a Roundabout Installed at the Entrance to Improve Traffic Flow and Enhance the Image of Main Street
- Close Proximity to Several School Campuses, Providing Additional Traffic to the Area
- Densely Populated with Approximately 175,948 Residents within Five Miles of the Property
- Crowley is Conveniently Located 15 Miles South of Downtown Fort Worth
- The City’s Strong Demographics, High Retail Occupancy Rates (96% Average), and Competitive Rents Create a Favorable Environment for Investors
