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31821608
31821609

9824 Chloe Crk, Fort Worth, TX 76177

PL
TX TX 522087
Marcus & Millichap - Dallas
CG
TX 0612970
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Fort Lauderdale
$8,862,000
45 days on market
Updated 23 days ago

Victory Shops at Heritage Trace V

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 12,646
Net Rentable (SqFt) 12,646
Units 5
Cap Rate 6.00%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $531,743
Price per SqFt $701
Year Built 2023
Buildings 1
Acreage 1.520

100% LEASED, NEW CONSTRUCTION WITH NNN LEASES

Marketing description

Victory Shops at Heritage Trace V is a newly constructed 12,646-square-foot, multi-tenant retail center situated on a 1.52-acre parcel in the high-growth Alliance Trade Area of Fort Worth, Texas. Constructed in 2023, the physical structure is demised into five distinct retail suites leased to a diverse mix of internet-resistant tenants including Keke's Breakfast Cafe, Zelene Head Spa, Hydrate IV Bar, and Gyro 360 Mediterranean restaurant. All leases are on triple-net terms and include annual rent increases. The end cap suite leased to Keke's has an enclosed patio area for outdoor dining.

The property is strategically located at the northwest corner of Interstate 35 West (I-35W) and Heritage Trace Parkway in Fort Worth, a rapidly expanding node within the Dallas-Fort Worth metroplex. The center boasts exceptional accessibility and visibility at an interchange that handles over 104,000 vehicles per day. The property benefits from its position directly across Heritage Trace Parkway from The Citadel, a 600,000-square-foot master-planned mixed-use development currently under construction that will serve as a primary economic and lifestyle hub.

Investment highlights

100% LEASED, NEW CONSTRUCTION WITH NNN LEASES

Built in 2023, the 12,646-square-foot property is 100 percent occupied by five tenants on triple-net leases, minimizing landlord duties.

INTERNET-RESISTANT TENANT BASE WITH BUILT-IN RENT GROWTH

All tenant leases feature scheduled annual rent increases, providing consistent year-over-year income growth and a natural hedge against inflation

STRATEGIC I-35W LOCATION | 104,141+ VPD

Positioned at a major interchange handling over 104,141 vehicles daily, the site offers direct freeway access and benefits from a $200M TxDOT expansion project.

ADJACENT TO 600K-SF CITADEL DEVELOPMENT

Located across Heritage Trace Parkway from The Citadel, an 89-acre master-planned project delivering 600,000 square feet of office, multifamily, hospitality, and retail space.

NEAR ALLIANCETEXAS, A PREMIER ECONOMIC ENGINE

AllianceTexas is a 27,000-acre master-planned development with over 575 companies and 66,000+ jobs, driving sustained population and employment growth.

EXPLOSIVE POPULATION & RESIDENTIAL GROWTH CORRIDOR

Surrounded by one of the fastest-growing residential trade areas in North Texas, with thousands of new single-family homes and master-planned communities fueling long-term retail demand.

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
CG
TX 0612970
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Fort Lauderdale

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
Name
Philip Levy
License
TX 522087
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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