Marcus & Millichap is pleased to offer the opportunity to acquire a 9,730-square foot multi-tenant retail center in Fort Worth, Texas. Currently 84 percent occupied, Hulen Crossing presents a value-add opportunity in leasing the vacant suite. All leases are triple-net, and most leases have options for renewal remaining. Tenants consist of Hulen Nails Salon and Spa, Smokes and Vapes, Hulen Crossing Family Dental, Little Caesar’s, and Cleaner’s Corner dry cleaners. The building was constructed in 2006 and sits on 1.09 acres.
The subject property is located in a dense residential neighborhood in the southwestern section of the city on South Hulen Street one lot from the signalized intersection withWest Risinger Road. Traffic counts are approximately 19,200 vehicles per day on South Hulen Street and 15,860 vehicles per day on West Risinger. Neighboring retailers include Chase Bank, McDonald’s, Walgreens, AutoZone, CVS Pharmacy, Metro PCS, Subway, 7-Eleven, Jack in the Box, and others. Several schools are in close vicinity, including Mary Harris Intermediate, Jackie Carden Elementary, Crowley Middle School, Harmony School of Innovation, and North Crowley High School. The surrounding area has strong demographics, with a one-mile average household income of $94,800 and a five-mile population exceeding 171,760 residents.
Fort Worth is the 16th-largest city in the United States and part of the number one tourist destination in Texas, welcoming more than 8.8 million visitors annually. The city is comprised of eight primary entertainment districts each offering distinct dining, shopping, entertainment and cultural amenities. Visitors can enjoy a range of experiences: from NASCAR racing to rodeos, world-class museums to cowboy cuisine, boutique shopping to a “Top 5” zoo, and biking to horseback riding.
- Value-Add Multi-Tenant Retail Opportunity
- Center is Currently 84 Percent Occupied | Upside Potential in Leasing Vacant Suite | Pro Forma Cap Rate is 9.03 Percent
- Complementary Mix of Tenants
- All Leases are Triple-Net
- Most Leases have Options for Renewal Remaining
- Located on South Hulen Street One Lot from the Signalized Hard Corner of West Risinger Road in Southwestern Fort Worth
- Traffic Counts are Approximately 19,200 Vehicles per Day on Hulen Street and 15,860 Vehicles per Day on Risinger Road
- Affluent Area with a One-Mile Average Household Income of $94,800
- Dense Residential Neighborhood that has Experienced Tremendous Growth | The Population Within Five Miles Exceeds 171,760 Residents, a 50 Percent Increase Since 2000
- Multiple School Campuses are in Close Vicinity to the Property
