Marcus & Millichap is pleased to present the opportunity to acquire a 10,800 square-foot, multi-tenant retail center located in a dense retail corridor of Hurst, TX. It is 100 percent occupied, consisting of two triple-net leases. The tenant base is a complementary mix of service oriented businesses including Richland Sewing Center and Sudz 4 Dudz. The building was constructed in 1983 and is situated on 0.91 acres of land.
The subject property is located on West Pipeline Road with multiple ingress and egress points. Traffic counts on West Pipeline Road are 16,210 vehicles per day. The center has excellent signage providing great visibility to the property. Pipeline Road Retail Center is within close proximity to a high performing Walmart, along with numerous other national and regional retailers that are in the neighboring area, including Dollar General, O’Reilly Auto Parts, Goodwill, Dollar Tree, Taco Bell and Dunkin Donuts. Surrounding demographics are very strong with a population exceeding 254,630 within a five-mile radius, and an average household income of $80,506 within five miles.
- 10,800-Square-Foot, Multi-Tenant Retail Center
- 100% Occupied | Fully Stabilized Asset
- Fair Market Value with Triple-Net Leases
- Average Remaining Lease Term of 6.75 Years
- 25% of the Square Footage has 3% Annual Rent Increases, Acting as a Hedge Against Inflation
- Recently Remodeled, Including New Lighting, New Paint, and a Parking Lot Restripe
- Close Proximity to a High Performing Walmart, along with numerous other National and Regional Retailers that are in the Neighboring Area, including Dollar General, O’Reilly Auto Parts, Goodwill, Dollar Tree, Taco Bell and Dunkin Donuts
- Excellent Signage on West Pipeline Road Providing Great Visibility to the Property
- Situated at a Hard Lighted Intersection for Easy Access
- Tenant Base is a Complementary Mix of Service-Oriented Businesses
- 16,210 Vehicles per Day on West Pipeline Road
- Desirable Demographics | Densely Populated with Approximately 254,30 Residents Within a Five-Mile Radius | Average Household Income is Approximately $80,506 within Five Miles
- The City of Hurst is Located in the Heart of Dallas/Fort Worth Metroplex and Part of the Mid-Cities Between
