1886 Mineral Wells Highway
Industrial | 7.25% CAP | 22,000 SqFt
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1886 Mineral Wells Highway in Weatherford, Texas, anchored by Epic Fights & Fitness Academy. The subject property consists of approximately 22,000 square feet of shallow-bay flex space and is situated on 2.66 acres of land. Developed in 2009, the two-building asset features nine units, a 14’ clear height, 12 grade-level doors, metal construction and roofing, and excess parking. The property has prime frontage along Mineral Wells Highway (U.S. Route 180), which feeds directly into Interstate 20, connecting the metros of Fort Worth and Dallas. Consisting of a diverse group of retail and industrial tenants, the property is 95.5 percent occupied on modified gross leases, creating a value-add opportunity to convert leases into triple-net terms.
Investment highlights
• Two-Building 22,000-Square-Foot Shallow-Bay Retail Asset Situated on 2.66 Acres
• 2009 Delivery, Featuring Nine Units, 14’ Clear Height, 12 Grade Doors, Metal Construction, & Excess Parking
• Prime Frontage on Mineral Wells Highway, Directly Feeding into I-20
• Diverse 96% Occupancy on Modified Leases, Creating Value-Add NNN Conversion Opportunity
• Parker County Submarket: 3.5% Retail Rent Growth & Vacancy Rate
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