Marcus & Millichap is pleased to present the opportunity to acquire a stabilized retail center located in Haltom City, Texas. The subject property is anchored by a 15-year ground lease with AutoZone MegaHub that is inline with a 100 percent occupied, 19,028-squarefoot multi-tenant retail building with tenants including Family Dollar, Fred Loya Insurance, El Calentano Meat Market/Carniceria, and Supreme Hair and Style. AutoZone is situated on a 1.80-acre parcel and is responsible for all taxes, insurance, and maintenance expenses associated with this parcel. The multi-tenant building is situated on a 0.773-acre parcel, and 90 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of service-oriented businesses and includes leases with two publicly traded companies (NYSE: AZO and NASDAQ: DLTR).
AutoZone MegaHub-Anchored Center is located on the signalized, hard corner of Belknap Street/Highway 377 and Bakers Lane. Belknap Street/Highway 377 is a major north-to-south thoroughfare connecting Downtown Fort Worth to Denton. Traffic counts in front of the subject property are approximately 11,400 vehicles per day. The property is easily accessible from multiple ingress and egress points on Belknap Street, Bakers Lane, and Juniper Street. Neighboring retailers include O’Reilly Auto Parts, La Familia Auto Insurance, Advance Auto Parts, Dollar General, Church’s Chicken, Jack in the Box, and others. Located approximately five miles from Downtown Fort Worth, the subject property is well positioned in an extremely dense residential area to serve a population of 239,585 people within a five-mile radius.
Haltom City is an inner suburb of Fort Worth, located in Tarrant County. The city is home to 10 parks, a state-of-the-art public library and recreation center, and the Tarrant County College branch Haltom City Northeast Center is a community division of the TCC Northeast Campus in Hurst.
- Rare 24-Hour AutoZone MegaHub Ground Lease Anchor : 10 Years Remaining on 15- Year Primary Term with Six, Five-Year Options for Renewal : Parceled Individually from Retail Center
- Substantial Investment by AutoZone in MegaHub Location : 29,000 +/- Square Foot Building with Estimated $4,500,000 Cost to Tenant
- Stabilized Opportunity with Future Upside Possibilities : AutoZone Ground Lease on Separate Parcel from Shopping Center : Possible Expansion Behind Fred Loya Suite AutoZone MegaHub Parcel Includes Watermill Express Kiosk for Additional Income to Landlord
- 100% Leased Separately Parceled Shopping Center Anchored by Family Dollar With Complementary Mix of Credit and Local Service-Oriented Businesses
- Signalized, Five-Way Hard Corner Location : Efficient Access from Multiple Ingress and Egress Points
- Extremely Dense Residential Population in Surrounding Area : Continued Growth and Re-Development of East Fort Worth Moving Down Belknap Street Towards Subject Property
- Only Approximately 5 Miles From Downtown Fort Worth, 12th Largest City in the United States
