Mansfield Highlands

Price: $3,978,000
Sq. Ft.: 18,138
Cap Rate: 6.00/8.93%
Built: 2004

Mansfield Highlands is an 18,138-square foot, multi-tenant retail center located in the high-growth Dallas-Fort Worth suburb of Mansfield, Texas. The subject property is currently 79 percent occupied with 71 percent of the gross leasable area having triple-net leases, providing upside potential in filling the vacant space and converting all leases to triple-net. Tenants are complementary mix of internet-resistant businesses, including Mama’s Pizza, Beer & Wine World, Vintage Barber Shop, Debbie Donuts, Unique Threading Salon, N&L Foot Care, Foxi Nails, and Benbrook Cleaning. The majority of the leases have personal guarantees. Constructed in 2004, the building is situated on 1.9 acres with ample paved parking.

  • 18,138-Square Foot, Multi-Tenant Retail Center
  • Value-Add Opportunity | 79% Occupied | 71% of the Gross Leasable Area has Triple-Net Leases
  • Complementary Mix of Internet-Resistant Tenants
  • 50% of the Gross Leasable Area has Personally-Guaranteed Leases
  • Situated on a 1.9-Acre Parcel with a Concrete Parking Lot with Ample Parking Spaces
  • Adjacent to La Quinta Inn & Suites, Providing Potential Foot Traffic
  • Located in a Prime Retail Corridor off U.S. Highway 287 and Debbie Lane | Traffic Counts are Approximately 20,300 Vehicles per Day on East Debbie Lane and 84,915 Vehicles per Day on Highway 287
  • Close Proximity to Major National Retails Such as Target, Lowe’s Home Improvement, Sam’s Club, The Home Depot, Best Buy, Marshalls, Home Goods, and Numerous Others
  • Densely Populated, Affluent Area | Average Household Income is $107,190 Within a Three-Mile Radius | Population Exceeds 174,690 Residents Within a Five-Mile Radius
  • Mansfield is Experiencing Tremendous Growth, Including Development of the 870-Acre Master-Planned South Pointe Community, The Shops at Broad Development Including a 405,000-SF Shopping Center and Apartments, and Completion of Texas Highway 360