8247 RUFE SNOW DR STE 400 Watauga TX 76148-1128

FOR SALE | Gateway Center | 8247 Rufe Snow Drive | $4,500,000

Gateway Center is a well-positioned, neighborhood shopping center located at 8247 Rufe Snow Drive, on the border of Keller and Watauga. This 10,233 square foot retail center sits on approximately 1.4 acres with excellent visibility and access along one of the area’s main thoroughfares. The property is being offered at $4,500,000 and provides a strong opportunity for investors seeking a stabilized asset with upside in a rapidly developing corridor.

Built in 2006, the center is home to a mix of service-based and food tenants including 5 Star Dental, J Donuts, Mighty Chick, Karma Smoke Shop, and Rufe Snow Wings. One suite, approximately 1,342 square feet, is currently available and delivered in shell condition, offering immediate lease-up potential or an owner-user opportunity.

Directly across the street, a new David Weekley residential community is currently under development, which is expected to drive additional demand and foot traffic to the area. The surrounding neighborhood features high household incomes, dense rooftops, and limited retail competition, making Gateway Center a compelling investment.

Property Highlights

• 10,233 SF retail center on 1.4 acres

• Built in 2006 and well maintained

• Offered at $4,500,000

• Mix of long-term tenants on triple net leases

• One available shell suite (1,342 SF) for future lease-up

• 36 parking spaces and a dedicated turn lane

• Traffic counts of approximately 22,000 vehicles per day

• Strong surrounding demographics with median household incomes over $100,000 within a one-mile radius

• Located minutes from Keller, North Richland Hills, and Fort Worth

Upside Opportunity

This offering presents immediate income along with value-add potential. The vacant suite offers new revenue opportunity, and rental rates across the center may be adjusted over time as leases roll. With new residential construction underway and continued population growth, the area is positioned for long-term appreciation.

Gateway Center offers an investor the ability to acquire a stabilized, income-producing asset in a high-growth area with built-in upside and minimal landlord responsibilities. Contact us for full financials, lease abstracts, and a private showing.

Investment Highlights – Gateway Center | 8247 Rufe Snow Drive | Offered at $4,500,000

• Stabilized Retail Asset
  10,233 SF shopping center with strong in-place income from a diverse mix of service and food-based tenants

• Value-Add Potential
  One 1,342 SF shell space offers immediate opportunity to increase NOI through lease-up or owner-user occupancy

• Prime Location in Growth Corridor
  Located on a signalized hard corner along Rufe Snow Drive with ±22,000 VPD and direct access to Keller, Watauga, and North Richland Hills

• New Residential Development Nearby
  A new David Weekley Homes community is under construction directly across the street, bringing additional rooftops and daily demand

• Strong Demographics
  Within a 1-mile radius: median household income exceeds $100,000 and population continues to grow

• Low Management Burden
  Triple net leases across the center reduce landlord responsibilities and provide stable cash flow

• Ample Parking and Visibility
  36 parking spaces, excellent signage, and a dedicated turn lane offer convenience and high visibility

• Positioned for Long-Term Appreciation
  The combination of residential growth, limited competing inventory, and rental upside make this a smart long-term hold