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Ridglea Village is a 112,117-square-foot, mixed-use retail center located in the iconic Camp Bowie District of Fort Worth, Texas. The center is currently 88 percent occupied with a mix of triple-net and gross leases, providing upside potential through lease-ups. The property is comprised of two multi-tenant, two-story buildings featuring retail tenants on the ground level and office/executive tenants on the second floor. The retail tenants, occupying 58 percent of the gross leasable area and all on triple-net leases, are a complementary mix of internet-resistant tenants consisting of Campisi’s, Metro by T-Mobile, FedEx, Rusty Taco, Berkshire Hathaway – Penfed Realty, la Madeleine, Bubble Tea & Coffee, HOTWORX, Little Lilly Sushi, Haltom’s Jewelers, Re:Gen Sauna Bar, Take 5 Birkenstock, JP & Associates Realtors, Buttermilk Sky Pie Shop, Chicken Salad Chick, King Pie Smoke Shop, European Skin Care & Med Spa, Rick’s Hardware, and Halo Salon & Colorlab. Originally constructed in 1942, Ridglea Village is known for its distinct architecture featuring a Spanish-Mediterranean style.
The subject property is strategically located on the signalized northeast corner of Camp Bowie Boulevard and Westridge Avenue. The property benefits from easy accessibility with multiple ingress and egress points, along with excellent visibility from Camp Bowie Boulevard. Traffic counts in front of the property exceed 33,500 vehicles per day. Ridglea Village is located in the heart of the Camp Bowie District near many national retailers including Starbucks Coffee, Snappy Salads, Frost Bank, Sprouts Farmers Market, Jason’s Deli, Dollar Tree, Tom Thumb, Walgreens, Advance Auto Parts, and more. The property is directly across from The Ridglea, a single-screen theater that is on the National Register of Historic Places and is well known for its Mediterranean facade and 70-foot stone tower. Additionally, the area has excellent demographics with more than 255,369 residents within five miles of the property and an average household income of approximately $87,700 within five miles of the property.
- Rare Opportunity to Acquire a 112,117-Square-Foot, Mixed-Use Center Located in the Historic Camp Bowie District of Fort Worth, Texas
- Property is an Iconic Destination, Known for its Spanish-Mediterranean Style with a Red Tile Clay Roof, Wrought Iron Accents, and Distinct Architecture
- Value-Add Opportunity | 88% Occupied with a Mix of Triple-Net and Gross Leases | Many of the Retail Tenants have Scheduled Rent Increases During Their Terms Providing Steady Income Growth Potential
- Ground Level Suites are Retail Tenants on Triple-Net Leases | Retail Suites Comprise Approximately 58% of the Gross Leasable Area
- Second Floor is Occupied by Office and Executive Suites on Gross Leases | Comprises Approximately 42% of the Gross Leasable Area
- Major Tenants Include La Madeleine, Haltom’s Jewelers, FedEx, Chicken Salad Chick, Rusty Taco, Campisi’s, Rick’s Hardware, and European Skin Care & Med Spa
- Property Consists of Two Multi-Tenant Buildings Situated on 3.32 Acres, Strategically Located on the Signalized Northeast Corner of Camp Bowie Boulevard and Westridge Avenue | Highly Visible from Camp Bowie Boulevard, Enjoying Traffic Counts of 33,500 Vehicles per Day | Easily Accessible from Multiple Ingress and Egress Points from Camp Bowie Boulevard, Westridge Avenue, and Winthrop Avenue
- Less than One Mile South of Interstate 30 | Highly Trafficked with Approximately 113,200 Vehicles per Day
- Premier Location in Close Proximity to Some of Fort Worth’s Most Prestigious and Well Established Neighborhoods (Ridglea and Ridglea Hills, Westover Hills, Arlington Heights, Monticello/Rivercrest, Colonial, and Bellaire)
- Strong Demographics | The Five-Mile Average Household Income is Approximately $87,700 with a Population of 255,369 Residents
- Short Drive to Downtown Fort Worth, the Medical District, Cultural District, West 7th Street, Fort Worth Stockyards, and Other Top Destinations in the City
