Village Square

Price: $3,770,500
Sq. Ft.: 76,949
Cap Rate: 4.91%
Built: 1980

Village Square is a 76,949-square foot multi-tenant retail center in Hurst, Texas. The value add opportunity is currently 58 percent occupied, providing tremendous upside potential. Tenants consist of Family Dollar, Coin Laundry, Mission Central, Joshua for Christ Church, Yoon Beauty Supply, H & R Block, Epik Cards & Games, Sudanese American Assoc., and a pad site leased to Wachovia Bank, N.A. All existing leases excluding Family Dollar are triple-net leases. The building was constructed in 1980 and sits on 7.35 acres.

The subject property is located on East Pipeline Road with multiple ingress and egress points. The center is adjacent to Kroger grocery store, which is currently undergoing store renovations. Other neighboring national and regional retailers in the area include Domino’s Pizza, Dollar General, Ace Cash Express, Schlotzsky’s, Liberty Tax Service, Jefferson Dental Clinic, Subway, Pizza Patron, Wingstop, and Wells Fargo. The area is densely populated with over 233,000 residents within five miles and an average household income of $78,980.