Meadowbrook East Shopping Center is a 49,151-square foot, multi-tenant retail center in Fort Worth, Texas. The center is currently seventy-five percent occupied, providing upside potential in leasing the vacant space. Tenants are a mix of national and regional retailers, including AutoZone, Family Dollar, Metro PCS, Papa John’s Pizza, H&R Block, The Dock Bookshop, Kingdom Ministry, and a day care. Constructed in 1960, the building sits on 5.3 acres.
The subject property is located on the signalized, hard corner of Meadowbrook Drive and Handley Drive, approximately two blocks east of Loop 820. Cumulative traffic counts are roughly 20,000 vehicles per day. The surrounding area is heavily populated, with 208,000 residents within five miles of the property. Other neighboring retailers include Texaco, CVS Pharmacy, O’Reilly Auto Parts, Cricket Wireless, Dollar General, Church’s Chicken, Little Caesars Pizza, Fiesta Supermarket, Pizza Hut, and Subway. East Handley Elementary School, Atwood McDonald Elementary School, Eastern Hills Elementary School, and Eastern Hills High School are all in close proximity to the property.
- Value-Add Opportunity in DFW
- 75 Percent Occupied With a Mix of Triple-Net and Gross Leases | Tremendous Upside Potential | Pro Forma Cap Rate is 11.54%
- Mix of National and Regional Tenants | Anchored by AutoZone and Family Dollar
- AutoZone Recently Extended Lease Term For Ten Years
- Priced at $59 Per Square Foot, Well Below Replacement Value
- Situated on a Large 5.3 Acre Lot
- Signalized, Hard Corner of Meadowbrook Drive and Handley Drive
- Traffic Counts are Approximately 20,000 Vehicles Per Day
- Densely Populated Area with 208,000 Residents Within Five Miles
