Victory Shops at Basswood III is a 15,789-square-foot, multi-tenant retail center well positioned in a new retail development in a high growth area of Fort Worth, Texas. The tenant base is a complementary mix of internet-resistant, service-oriented businesses including Jeremiah’s Italian Ice, Wayback Burgers, Liquor Cave, Hoshi Ramen, Scenthound, Safe Splash Swim School, and Jamba Juice/Auntie Anne’s. All leases are triple-net and have scheduled rent increases during the primary term. The building was constructed in 2022 and sits on 2.13 acres with a concrete parking lot. Both end cap suites have drive-through windows.
The subject property is located near the intersection of Blue Mound Road and Basswood Boulevard. The property benefits from multiple ingress and egress points, and the cumulative traffic counts exceed 39,515 vehicles per day. Adjacent pad sites include Burger King, Salad and Go, Brakes Plus, AutoZone, and a multi-tenant retail center leased to Swig, Mooyah Burgers, Bazooka Charlie’s, and Thrive Pet Healthcare. National and regional retailers in close proximity include Kroger, CVS, Super Cuts, Pizza Hut, Subway, Marco’s Pizza, Athletico Physical Therapy, Jersey Mike’s Subs, Chase Bank, Chipotle, Starbucks, Verizon, SPENGA, and many others.
- Fully Stabilized, 15,789-Square-Foot, Multi-Tenant Retail Center Located in Victory Shops at Basswood, a +/- 26-Acre Development
- 100% Leased | All Leases are Triple-Net and Include Scheduled Rent Increases, Providing Year-Over-Year Income Growth
- Current Averages are Below Market
- Strong Tenant Base Comprised of Internet-Resistant and Service-Oriented Businesses
- Both End Cap Suites have Drive-Through Windows
- Building is New 2022 Construction with Attractive Architecture
- Property is Situated on Blue Mound Road Near the Signalized Intersection with Basswood Boulevard | Accessible from Ingress and Egress Points on Both Roads | Cumulative Traffic Counts are Approximately 39,515 Vehicles Per Day
- Less than 1.5 Miles West of Interstate 35W | City’s Major North-South Thoroughfare | Traffic Counts are 143,000+ Vehicles Per Day
- Current Adjacent Pad Sites Include Burger King, Salad and Go, Brakes Plus, and AutoZone | Future Development Includes a Fitness Center, Academy Sports + Outdoors, and More Small Shop Retail and Restaurant Space
- Saginaw High School is Directly Across Blue Mound Road | Current Enrollment Exceeds 2,000 Students
- Located in Regional Hub for a Growing Trade Area with Desirable Demographics | Average Household Income is $98,776 within a One-Mile Radius; $97,798 within a Three-Mile Radius; and $101,437 within a Five-Mile Radius
- Densely Populated with Approximately 259,437 Residents within Five Miles of the Property
- Less Than Two Miles from BNSF Railway’s Corporate Office (America’s Second-Largest Railway) | Home to 4,500+ Employees
