Marcus & Millichap is pleased to offer the opportunity to acquire a value-add, multi-tenant retail center in Fort Worth, Texas. SoHigh Village is currently 88 percent occupied, providing upside potential in leasing the vacant space. All in-place leases are triple-net. Tenants include The Spa Glam & GQ Salon, RZ Bar, M&K Mediterranean Market, Marco’s Pizza, Tarrant Liquor, Thai Lao Kitchen, Nevaeh Organic Salon, Vape Shop, Krab Kingz Seafood Restaurant, Boutique, and Swad Indian Restaurant. Additional income is derived from new five-year cell tower lease that has nine five-year renewal options. Constructed in 2008, the subject property consists of three buildings situated on 3.47 acres.
- Value-Add Retail Investment Opportunity in a Desirable North Fort Worth Market | High Growth, Highly Affluent Area
- 31,280-Square Foot Retail Center | Currently 88% Occupied | Significant Upside Potential with an 11.83% Pro Forma Cap Rate
- Current Rents are Below Market, Providing Additional Upside
- Leases are Triple-Net
- Additional Income Derived from a New Cell Tower Lease
- Complementary Mix of Internet-Resistant Tenants
- Comprised of Three Buildings on 3.47 Acres | Newer 2008 Construction with an Attractive Facade and Landscaping
- Located at the Signalized Hard-Corner of North Tarrant Parkway and Park Vista Boulevard | Additional Access from Sohi Drive | Cumulative Traffic Counts are Approximately 40,000 Vehicles per Day
- Shadow-Anchored by Natural Grocers | Kroger is Directly Across North Tarrant Parkway | Both are Traffic Drivers to the Area
- Less than One Mile West of a Dense Retail Trade Area at the Intersection of State Highway 377 (Denton Highway) | Numerous National and Regional Tenants Including Target, The Home Depot, Kohl’s, LA Fitness, Sprouts, Staples, Dollar Tree, Academy Sports and Outdoors, and Office Depot
- H-E-B Grocery has Identified Land in the Northwestern Corner of Highway 377 and North Tarrant Parkway for Potential Future Development
- Surrounding Area has Excellent Demographics | One-Mile Average Household Income is $117,671 | Five-Mile Population Exceeds 294,900 Residents
