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11110943
14697335

8053 Grapevine Hwy, North Richland Hills, TX 76180

TM
TX 543987
Structure Commercial
Structure Commercial
Listed by Structure Commercial
$2,686,620
1158 days on market
Updated 22 days ago

Central Plaza

Details
Property Type Retail
Sub Type Storefront
Square Footage 15,785
Net Rentable (SqFt) 15,785
Units 11
Cap Rate 7.5%
NOI $201,497
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $158
Year Built 1984
Buildings 1
Stories 1
Acreage 1.430
Zoning F-1
Parking Spaces 67 spaces
Parking Per SqFt 4.24

Prime Retail Strip Center in North Richland Hills, TX

Marketing description

Structure Commercial is pleased to present Central Plaza Shopping Center, a fully leased, 15,785 SF retail strip center located on Grapevine Hwy in North Richland Hills, TX. This value-add investment opportunity features 100% occupancy with small shop tenants and 194’ of frontage just south of a signalized intersection.

With a dense trade area of 264,188 residents within 5 miles, Central Plaza offers strong leasing demand and high-visibility retail space in a thriving commercial corridor. The flexible property layout and city-supported revitalization initiatives make this an ideal investment for long-term appreciation and rent growth.

Investment highlights

Fully leased 15,785 SF retail center
High-visibility frontage on Grapevine Hwy
Dense trade area: 264,188 residents within 5 miles
Internet-resistant, service-oriented tenants
Close proximity to major retail and entertainment developments
67 parking spaces | 4.24:1,000 ratio

Listing Contacts

TM
TX 543987
Structure Commercial
Structure Commercial
Listed by Structure Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$201,496.52
$16,791.38/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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