Albertsons: Fort Worth, TX
Retail | 8.00% CAP | 58,723 SqFt
Marketing description
CBRE is pleased to offer for sale the 58,723-square-foot Albertsons situated on 4.87 acres in Fort Worth, Texas (MSA Population: 8.34 million+). Albertsons' absolute NNN lease features ±4.4 years of term remaining with no rent increases, flat for remainder of term.
Investment highlights
Less than 10 miles southwest of downtown Fort Worth, Albertsons is positioned on a hard corner at the signalized intersection of Sycamore School Road (16,275 VPD) and McCart Avenue (27,155 VPD), where it is less than 3 miles south of Interstate 20 (157,398 VPD) and less than 5 miles from Interstate 35W (175,734 VPD).
Albertsons anchors the Sycamore Village shopping center, which is also home to UPS, H&R Block, Cricket Wireless, Metro by T-Mobile, Sunny’s Cafe, and more. Major retailers in the immediate vicinity include Walmart Supercenter, dd Discounts, Dollar Tree, Walgreens, O’Reilly Auto Parts, PNC Bank, Panda Express, Starbucks, Taco Bell, and Sonic Drive-In.
In total, there are 5.4 MSF of retail, 6.2 MSF of industrial, and 12,290 multifamily units within a 3-mile radius.
The site is surrounded by a dense concentration of residential development with nearly 7,000 households within a 1-mile radius, placing a substantial built-in customer base within walking distance.
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