Hall Johnson Center

Price: $8,275,000
Sq. Ft.: 21,853
Cap Rate: 6.0%
Built: 2005

Marcus & Millichap is pleased to offer the opportunity to acquire an 21,853-square-foot, multi-tenant retail center located in a highly affluent and densely populated area in Grapevine, Texas. Hall Johnson Center is currently 100 percent leased, and all leases are triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Bon Giorno Coffee, Smiles For You, Almar Jewelers, Sabai Sabai Southeast Asian Kitchen, Jinho Martial Arts, Day Spa Nails, CBD Plus, Johnson Donuts, DFW Kabob & Gyro, and Anytime Fitness. Constructed in 2005, the building has a metal roof and is situated on a 2.61-acre lot with concrete parking.

  • 21,853-Square-Foot, Multi-Tenant Retail Center Located in Highly Affluent Grapevine, Texas
  • 100% Occupied with Internet Resistant, Service-Oriented Tenants
  • All Current Leases are Triple-Net
  • Current Average Rents are Below Market
  • Building has a Metal Roof | Situated on a 2.61-Acre Lot with Concrete Parking
  • Pylon Sign at Entrance Provides Additional Exposure to the Center
  • Located on Hall-Johnson Road | Traffic Counts in Front of the Property Exceed 23,306 Vehicles Per Day | Close Proximity to Highly-Trafficked State Highway 121
  • Near Numerous National and Regional Retailers Including Tom Thumb, Hobby Lobby, McDonald’s, Target, DSW, Tuesday Morning, Home Goods, Michael’s, ULTA Beauty, Dick’s Sporting Goods, Old Navy, Lowe’s Home Improvement, Ross, Marshalls, Party City, PetSmart, Dollar Tree, and Many More
  • Close Proximity to Colleyville Heritage High School, Local Offices, and Hotels | Drives Additional Traffic to the Area
  • Desirable Demographics | Population within Five Miles is 194,890 Residents | Average Household Income is $177,674 within One Mile; $140,252 within Three Miles; and $124,661 within Five Miles
  • Less than a 10-Minute Drive to Dallas/Fort Worth International Airport | Serving 62.5 Million Passengers Annually