Walmart Shadow-Anchored Retail Center

Price: $6,180,000
Sq. Ft.: 17,322
Cap Rate: 6.85%
Built: 2006

Marcus & Millichap is pleased to offer the opportunity to acquire a 17,322-square foot Walmart shadow-anchored multi-tenant retail center in Fort Worth, Texas. The shopping center is 100 percent occupied, and all leases are triple-net. Tenants consist of Goodwill, Sushi Nomi, Pho Reral, Crown Wireless, Just Cut It, Fit Meal Prep, King Finger, Little Caesar’s Pizza, Pro-Techs, Modern Nail Bar, Check ‘N Go, and Tang’s Bistro. Additional income is derived from a cell tower lease. More than 65 percent of the tenants have annual rent escalations during their primary  terms. Constructed in 2006, the building is situated on 2.215 acres with paved parking.

  • Walmart Shadow-Anchored Multi-Tenant Retail Center in Desirable North Fort Worth-Keller Location
  • 100% Occupied and All Tenants are Triple-Net
  • Complementary Mix of Credit and Local Tenants
  • 65% of the Gross Leasable Area has Annual Rent Bumps Remaining During the Primary Term
  • Additional Income is Derived from a Long-Term Cell Tower Lease with Three Five-Year Renewal Options, Including Rent Bumps Every Five Years
  • Building Constructed in 2006 | Situated on a 2.2-Acre Lot with Ample Paved Parking
  • Located in the Northwestern Quadrant of North Beach Street and North Tarrant Parkway, Two Major Thoroughfares | Ingress and Egress Points from Both Roads
  • 26,630 Vehicles per Day on North Beach Street | 26,810 Vehicles per Day on North Tarrant Parkway
  • Located in a Dense Residential Area with Strong Demographics | More than 261,000 Residents Within Five Miles | Average Household Income of $108,703 Within One Mile of the Property