Heritage Trace Center

Price: $5,288,000
Sq. Ft.: 10,323
Cap Rate: 6.25%
Built: 2017

Heritage Trace Center is a 10,323-square foot, multi-tenant retail center located in a high-growth area in the northern portion of Fort Worth, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants consist of a complementary mix of internet-resistant, service-oriented businesses including Coco Shrimp, Donut Party/Donut Land, Freedom Family Dentistry, Marine Recruiter, Bloom Hair Bar, and SLK MedSpa. The building is new 2017 construction and is situated on a 1.724-acre lot, which includes a fully-improved pad site for future development of a proposed 4,200-square foot building.

The subject property is situated on the north side of Heritage Trace Parkway, less than one-half mile from heavily-trafficked Interstate 35 West, the major north/south thoroughfare in the city. Traffic counts in front of the subject property on Heritage Trace Parkway are approximately 17,700 vehicles per day. Heritage Trace Center sits in front of a newly-constructed Kiddie Academy and is part of a multi-phase development.  The center is also adjacent to International Leadership of Texas, a public charter school serving approximately 1,300 students from kindergarten through eighth grade. The center is located in a prime retail corridor near many major retailers including Target, Hobby Lobby, JCPenney, Belk, Kroger Marketplace, Dick’s Sporting Goods, Rooms to Go, Costco, At Home, TJ Maxx, PetSmart, Total Wine & More, and numerous others.

Heritage Trace Center is in close proximity to multiple hotels and school campuses, providing additional traffic. The surrounding area benefits from excellent demographics, serving a population of more than 224,400 residents within a five-mile radius.  The average household income is $99,160 within one mile; $115,262 within three miles; and $106,904 within five miles.

Heritage Trace Center is located approximately 12 miles north of Downtown Fort Worth. Fort Worth is the fifth largest city in Texas, and the thirteenth largest city in the United States. Fort Worth is home to many multinational corporations, including Bell Helicopter, Lockheed Martin, American Airlines, among others, and enjoys a daytime population exceeding 621,000 people.

  • 10,323-Square Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Long-Term Leases with the Majority Having Scheduled Rental Increases During the Primary Term and Options for Renewal
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • End Cap Restaurant has a Drive-Through Window
  • New (2017) Construction Situated on 1.724 Acres | Includes an Improved Pad Site with Infrastructure In Place, Providing Future Upside | Accommodates 4,200 Square Feet of Buildable Space on Approximately 25,000 – 27,000 Square Feet of Land
  • Adjacent to International Leadership of Texas, a Charter School with More Than 1,300 Students
  • Strategically Located in the High-Growth Alliance Area on Heritage Trace Parkway, Less Than One-Half Mile from Interstate 35 West
  • Surrounding Area has Excellent Demographics | The Average Household Income is $99,160 Within a One-Mile Radius; $115,262 Within a Three-Mile Radius; and $106,904 Within a Five-Mile Radius | Population Exceeds 224,400 Within Five Miles
  • Prime Retail Corridor Along Interstate 35 West that is Experiencing Tremendous Development | Major Retailers Include Target, Hobby Lobby, JCPenney, Belk, Kroger Marketplace, Dick’s Sporting Goods, Rooms to Go, Costco, At Home, TJ Maxx, PetSmart, Total Wine & More, and Numerous Others
  • Additional Traffic to the Area Comes From Multiple Hotels, Texas Health Harris Methodist Hospital, Nearby School Campuses, and Life Time Athletic Club
  • Located Approximately Six Miles from Fort Worth Alliance Airport