Garden Park

Price: $15,808,000
Sq. Ft.: 115,155
Cap Rate: 7.34%
Pro Forma Cap Rate: 8.57%
Built: 1985/1987
  • 115,155-Square Foot, Multi-Tenant Retail Center | Anchored by Fitness Connection
  • 92% Occupied | 86% of the Gross Leasable Area has Triple-Net Leases
  • Priced at $137 per Square Foot
  • Complementary Mix of Regional and Local Tenants that are Internet-Resistant, Service-Oriented Businesses
  • Newly Executed 10-Year Lease with Jamba Juice that Includes Annual Rent Increases
  • Current Average Rents are Well Below Market
  • Property is Comprised of Two Multi-Tenant Buildings Constructed in 1985 and 1987 | Situated on a Large 12.15-Acre Parcel with Ample Concrete Parking
  • Recent Property Improvements Reported by Seller Include a New Roof Layer Installed in 2020
  • Located on West Main Street Near the Signalized Hard Corner of North Garden Ridge Boulevard with Multiple Ingress and Egress Locations | Cumulative Traffic Counts in Front of the Property are Approximately 56,100 Vehicles per Day
  • Shadow-Anchored by Aldi Grocery Store
  • Strong Demographics | Extremely Affluent Area with an Average Household Income of $125,512 within Five Miles | The Population is Approximately 210,220 Residents
  • Dense Retail Trade Area | Numerous National and Regional Credit Tenants in the Surrounding Area Including Tom Thumb, Starbucks, Bank of America, O’Reilly Auto Parts, Jack in the Box, McDonalds, Dunkin’ Donuts, KFC, 7 Eleven, Big Lots!, Dollar General, WinCo Foods
  • Located 16 Minutes from Dallas-Fort Worth Airport, 26 Miles Northwest of Downtown Dallas and 32 Miles Northeast of Downtown Fort Worth