Urban Air & Goodwill
About This Property
Marketing description
100% OCCUPIED, DIVERSIFIED EXPERIENTIAL & VALUE-ORIENTED RETAIL MIX
The 59,297-square-foot retail center is fully leased to Urban Air and Goodwill. The property is fully stabilized and provides investors with secure, in-place cash flow from two strong national tenants.
SHADOW-ANCHORED BY WALMART SUPERCENTER
Strategically positioned adjacent to a Walmart Supercenter generating approximately 2.7 million annual visits annually, driving exceptional consumer traffic, cross-shopping synergy, and long-term retail relevance.
ONLY MANSFIELD LOCATIONS FOR BOTH TENANTS
Both Urban Air and Goodwill operate their only Mansfield locations at this property, creating a unique investment backed by tenant commitment and local market exclusivity.
LONG-TERM NNN LEASE STRUCTURES WITH CONTRACTUAL RENT GROWTH
Both tenants operate under triple-net leases with scheduled contractual rent increases throughout the initial term and option periods, supporting predictable growth in income and long-term value.
PRIME RETAIL TRADE CORRIDOR ALONG HIGHWAY 287
Located along U.S. Highway 287 and North Walnut Creek Drive with combined traffic counts exceeding 92,244 vehicles per day, the property benefits from strong visibility, convenient access, and surrounding national retail tenancy.
STRONG DEMOGRAPHICS & RESIDENTIAL EXPANSION
The surrounding trade area features more than 171,000 residents within five miles, average household incomes exceeding $132,800, and continued residential growth supporting long-term retail demand and tenant performance.
ATTRACTIVE BASIS BELOW REPLACEMENT COST
Offered at $132/SF, the investment presents an attractive basis compared to current replacement costs for large-format retail product within the Dallas-Fort Worth Metroplex.
Investment highlights
The subject property is a fully stabilized, two-tenant retail center positioned along the highly trafficked Highway 287 retail corridor in Mansfield, Texas. The property totals 59,297 square feet of leasable area situated on a large 5.8-acre lot. Leased to Urban Air Adventure Park and Goodwill, the asset benefits from durable in-place cash flow supported by long-term, triple-net lease structures with scheduled contractual rent increases.
The center benefits from strong visibility, excellent frontage, and convenient access from North Walnut Creek Drive, one of Mansfield’s primary retail corridors. Positioned adjacent to a Walmart Supercenter, the property draws significant consumer traffic generated by surrounding national and regional retailers, reinforcing the property’s role as a dominant neighborhood retail destination within the trade area.
Positioned within a fast-growing suburban corridor in the Dallas-Fort Worth Metroplex, the property benefits from strong visibility and access along U.S. Highway 287, a dominant retail and commuter corridor serving the rapidly expanding Mansfield trade area. The asset is strategically located across from a high-performing Walmart Supercenter generating approximately 2.7 million annual visits (source: Placer.ai), creating strong daily traffic drivers and consistent cross-shopping activity throughout the corridor. The surrounding retail corridor is anchored by a dense concentration of national retailers, restaurants, healthcare users, and service-oriented businesses including Chick-fil-A, Walgreens, Chase Bank, McDonald’s, Taco Bell, CVS, H-E-B, Lowe’s, Ross, Best Buy, and numerous additional regional and national operators. The property also benefits from proximity to multiple schools, expanding residential communities, and major employment hubs that continue to fuel population growth and consumer demand throughout the area.
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