Haltom City Shopping Center

Price: $3,600,000
Sq. Ft.: 24,000
Cap Rate: 8.64%
Built: 1961
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Marcus & Millichap is pleased to present the opportunity to acquire a 24,000-square-foot, multi-tenant retail center anchored by Dollar General and the State of Texas located in Haltom City, Texas. The center is 100 percent occupied, consisting of one gross and one triple-net lease. This building was constructed in 1961 and is situated on 2.33 acres of land. The center has excellent signage on both sides of the building along with an ample amount of paved parking spaces.

Haltom City Shopping Center is located on NE 28th Street with multiple ingress and egress points. Traffic counts in front of the property exceed 24,000 vehicles per day. Neighboring national and regional retailers include Family Dollar, O’Reilly Auto Parts, QuikTrip, Church’s Chicken, Advance Auto Parts, and Jack in the Box. The surrounding area is densely populated with more than 224,000 residents within a five-mile radius. The average household income is $60,861 within five miles; $56,816 within three miles; and $53,465 within one mile.

  • 24,000 Square-Foot, Multi-Tenant Retail Center | Anchored by Dollar General and the State of Texas
  • 100% Occupied | 50% Triple-Net Lease | 50% Gross Lease
  • Priced at $150 | Well Below Cost of Replacement
  • Dollar General is a Top-Performing Store | Ranks in the 87th Percentile in Texas and 84th Percentile Nationwide Based on Consumer Traffic, as Compared to Other Dollar General Locations (Source: Placer.ai)
  • Average Remaining Lease Term of Five Years
  • Situated at a Hard Corner, Signalized Intersection Making it Easily Accessible
  • Excellent, Recently Updated Signage on Both Sides of Building | Ample Amount of Paved Parking Spaces
  • Surrounding Area is Densely Populated | More than 224,000 Residents within Five Miles
  • Average Household Income is $60,861 within Five Miles | $56,816 within Three Miles | $53,465 within One Mile
  • Several School Campuses in Close Proximity Including Haltom Middle School, Birdville Elementary, and Shannon High School
  • Major Thoroughfare between Fort Worth and Denton | Traffic Counts in Front of Property Exceed 24,000 Vehicles per Day