Handley Center | Value Add Retail Center
Value Add Retail | 7.55% CAP | 6,860 SqFt
Marketing description
Marcus & Millichap is pleased to offer this multi-tenant retail investment opportunity in Fort Worth, Texas. The subject property is located at the signalized intersection at Meadowbrook Drive and Handly Drive with combined average daily traffic of more than 74,000.
The building was constructed in 1972 and consists of 6,860 square feet of retail space and sits on 0.77 acres of land. It has excellent 50 parking spaces at 7.3:1,000 square feet of building. The property provides easy access to I-30, I-820, TX-180.
The three tenants are all on triple-net lease with only $0.78 per square foot base rent with potential to increase rents for future tenants. Tenants pay for their own water and electricity for easy management.
This is an excellent opportunity to acquire a bite size property for a potential for re-development or further stabilization with façade and overall remodel.
Investment highlights
- Priced at Below Replacement Cost
- 100% Occupancy with Lease Expiration in 2030 and 2031
- All NNN Tenants
- Large Land for Potential Re-development
- Located at the signalized intersection with combined average daily traffic of more than 74,000
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