Victory Shops at Heritage Trace IV

Price: $6,943,500
Sq. Ft.: 11,492
Cap Rate: 6.25%
Built: 2021
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Victory Shops at Heritage Trace IV is an 11,492-square-foot, multi-tenant retail center located in a high-growth area in the northern portion of Fort Worth, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants consist of Just Love Coffee Cafe, RevFit, Flossophy Dental Studio, and Big Chicken. The building is new 2021 construction with an attractive façade and is situated on a 0.66-acre lot. Both end cap suites feature a drive-through window.

The subject property is situated on the west side of North Freeway, the feeder road to heavily-trafficked Interstate 35 West, which is major north/south thoroughfare in the city carrying more than 114,440 vehicles per day. The property is near the signalized intersection with Heritage Trace Parkway and benefits from multiple ingress and egress points, with cumulative traffic counts exceeding 21,855 vehicles per day. Victory Shops at Heritage Trace IV is located in a prime retail corridor near many retailers including Target, Hobby Lobby, JCPenney, Belk, Kroger Marketplace, Dick’s Sporting Goods, Rooms to Go, At Home, TJ Maxx, PetSmart, Total Wine & More, and numerous others. The subject property is located directly across Heritage Trace Parkway from The Citadel, a master planned development situated on 89 acres that upon completion will feature office space, apartment homes, outdoor pursuits, and diverse hospitality, retail and dining opportunities.

  • 11,492-Square-Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Current Average Rents are Below Market
  • 100% of the Leases Include Scheduled Annual Rent Increases and Renewal Options
  • New (2021) Construction Situated on a 0.66-Acre Parcel with a Concrete Parking Lot | Both End Cap Suites Feature Drive-Through Windows
  • Strategic Freeway Located in the High-Growth Alliance Trade Area Near the Intersection of North Freeway (Interstate 35 West Feeder Road) and Heritage Trace Parkway | Cumulative Traffic Counts are Approximately 21,855 Vehicles Per Day | Interstate 35 West has Extremely High Traffic Counts of 114,400  Vehicles Per Day
  • Directly Across Heritage Trace Parkway from The Citadel Development, a 600,000-Square-Foot, Master Planned Power/Lifestyle Center Situated on 89 Acres | Will Feature Restaurants, Entertainment, Fitness, Specialty Retail, a Grocery Store, Hotel, and 500+ Apartment Homes
  • Surrounding Area has Desirable Demographics | Average Household Income is $110,506 Within a One-Mile Radius; $115,906 Within a Three-Mile Radius; and $112,140 Within a Five-Mile Radius | Population Exceeds 245,398 Within Five Miles
  • Prime Retail Corridor Along Interstate 35 West that is Experiencing Tremendous Development | Major Retailers Include Target, Hobby Lobby, JCPenney, Belk, Kroger, Dick’s Sporting Goods, Rooms to Go, Costco, At Home, TJ Maxx, and Many More
  • Additional Traffic to the Area Comes From Multiple Hotels, Texas Health Harris Methodist Hospital, Nearby School Campuses, and Life Time Athletic Club
  • Located Approximately Six Miles from Fort Worth Alliance Airport and 12 Miles from Downtown Fort Worth