Listed by STRIVE Commercial Real Estate Advisors
$5,000,000
Fair Oaks Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 82,923
Net Rentable (SqFt) 82,923
Cap Rate 7.15%
NOI $357,320
Occupancy 100%
Tenancy Multi
Price per SqFt $60
Year Built 1954
Acreage 5.120
Investment Type Value Add
Ground Lease No
Fair Oaks Plaza | Fort Worth, TX
Investment highlights
- Value Add Retail Center: Below Market Rents - Average Rental Rate of $5.65 Per Square Foot | Competing Retail is Leasing at $18-$20 in the Immediate Area | Mix of Gross & NNN Leases | Ability to Covert to NNN Over Time | Priced at Only $60 Per Square Foot - Well Below Replacement Cost
- Growing & Improving Trade Area: The River Oaks / West Fort Worth Submarket Continues to Experience Residential Growth and Redevelopment | Strengthening Long-Term Demand for Local Retail Services | Over 226,000 People in an Immediate 5-Mile Radius (Costar)
- Tenant Longevity & Stability: Several Tenants Have Operated at the Property for Extended Periods of Time | Demonstrating the Locations Ability to Support Long-Term Occupancy | Traffic Generated by Over 23,000 Vehicles Per Day Along River Oaks Blvd
- Complimentary Tenant Mix: Synergistic Mix of National and Local Tenants | Service Oriented Tenant Mix that Drives Foot Traffic | Creates Natural Cross-Shopping Between Businesses
- Recent Roof Replacement: Roof was Replaced Within the Last 3 Years | Reducing Near Term Capital Expenditures for New Ownership
- Other National Retailers Include: Walmart, McDonalds, Subway, QuikTrip, Whataburger, Dollar Tree, Metro by T-Mobile, AutoZone, Planet Fitness, KFC, Panda Express, Advance Auto Parts & Many More...
Listing Contacts
Listed by STRIVE Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$357,320.00
$29,776.67/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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