Near Southside Mercantile

Price: $12,539,000
Sq. Ft.: 22,862
Cap Rate: 5.25%
Built: 2018
  • 22,862-Square-Foot, Mixed-Use Center | 100% Occupied | All Leases are Triple-Net
  • Tenants are a Mix of Unique, Local Restaurants and Businesses
  • Majority of the Leases Include Annual Rent Escalations
  • Building is New (2018) Construction Featuring Three Stories, Attractive Architecture and Low Maintenance Landscaping
  • Tenants have Access to a Large Parking Lot Adjacent to the Building Through a Reciprocal Easement Agreement with No Restrictions
  • Adjacent to Hotel Revel, a Boutique Hotel Centrally Located in Near Southside
  • Located in Near Southside District, An Urban Re-Development District in the Southwest Quadrant of Interstate 35 and Interstate 30 | Approximately 4,000 Total Existing or Proposed Apartment Units in Near Southside | Recent Completion of $8.6 Million South Main Street Reconstruction Project
  • Close Proximity to the Fort Worth’s World-Class Medical District, Home to Tarrant County’s Major Hospitals and Dozens of Independent Medical Clinics | Accounts for Nearly 39,000 Jobs and $5.5 Billion in Economic Impact on the County
  • Near Downtown Fort Worth, Cultural District, West 7th Street, and Other Top Destinations in the City
  • Extremely Dense Surrounding Population Exceeding 302,900 Residents Within a Five- Mile Radius | Average Household Income is Approximately $88,750 within a One-Mile Radius and $87,800 within a Three-Mile Radius