Roanoke Corners

Price: $3,546,000
Sq. Ft.: 14,218
Cap Rate: 7.5%
Built: 2001

Roanoke Corners is comprised of two multi-tenant retail buildings totaling 14,218 square feet in the growing Dallas-Fort Worth suburb of Roanoke, Texas. Constructed in 2001, the buildings are situated on 2.21 acres and are in line with a former Albertson’s grocery store that is currently vacant. The subject property is 100 percent occupied, and all leases are triple-net. The internet-resistant tenant base consists of Roanoke Nails, AT&T, Cinch Cleaners, Affinity Dental, Rise Men’s Health, Donut Paradise, and Liquor Stop.

The subject property is located on the signalized hard corner of US Highway 377 and Texas Highway 114, with multiple ingress and egress points from both highways. Traffic counts are approximately 21,330 vehicles per day on US Highway 377 and 34,000 vehicles per day on Texas Highway 114. Numerous national and regional tenants are in the surrounding area, including Sherwin-Williams, Papa John’s Pizza, McDonald’s, Starbucks, Christian Brothers Automotive, The Home Depot, Walmart Supercenter, Chili’s Grill and Bar, Pizza Hut, Pep Boys Auto Service, Wells Fargo Bank, Chase Bank, PetSmart, Dollar Tree, Sonic Drive-In, Anytime Fitness, MetroPCS, GameStop, Subway, Sally Beauty Supply, AutoZone, National Tire and Battery, CVS, Aldi, Chick-fil-A, Discount Tire, Tractor Supply Co., and many others.

The surrounding area is highly affluent with a five-mile average household income of $138,018 and a population exceeding 72,850 residents. Historic Downtown Roanoke is a short distance from the property, a popular destination for dining, boutique shopping, and entertainment over nine blocks of recently redeveloped Oak Street. The Texas House of Representatives have officially appointed the area as “The Unique Dining Capital of Texas”.

Roanoke is two miles south of Grapevine Lake and seventeen miles southwest of Denton in south central Denton County. It is located in an exciting growth corridor of north Fort Worth that has experienced a surge in residential and commercial expansion over the last ten years. The main east-west road through town, State Highway 114 Business, is named “Byron Nelson Boulevard” in honor of the golfer who resided in the community.

  • Two Multi-Tenant Retail Buildings | In Line with Former Albertson’s Grocery Store
  • 100% Occupied | All Leases are Triple-Net
  • Internet-Resistant Tenant Base
  • Situated on 2.21 Acres | Large Concrete Parking Lot
  • Signalized, Hard Corner Highway Location with Multiple Ingress and Egress Points
  • Traffic Counts are Approximately 21,330 Vehicles per Day on US Highway 377 and 34,000 Vehicles per Day on TX Highway 114
  • Dense Retail in the Surrounding Area, Including Walmart, The Home Depot, Dollar Tree, Chili’s Grill and Bar, and PetSmart
  • Extremely Affluent Area | Average Household Income within Five Miles is $138,018 | More than 72,850 Residents within Five Miles
  • Large Employers Increase Roanoke’s Daytime Population to more than 60,000 within a Three-Mile Radius
  • Short Distance from Historic Downtown Roanoke | Popular Destination with Unique Dining, Boutique Shops, and Entertainment Venues | Appointed by the Texas House of Representative as “The Unique Dining Capital of Texas”
  • Roanoke is Located in a High Growth Corridor of North Fort Worth
  • Conveniently Located Between the Dallas-Fort Worth International Airport (Fourth Largest International Airport in the World) and the Fort Worth Alliance Airport, the Cornerstone for the Nation’s Fastest-Growing Industrial Complex (Alliance Global Logistics Hub)