Beach Street Retail
100% OCCUPIED : SIGNIFICANT MARK-TO-MARKET RENT OPPORTUNITY : SIGNALIZED HARD-CORNER LOCATION
Marketing description
Beach Street Retail is a fully occupied 7,039-square-foot neighborhood retail center situated on a highly visible 1.29-acre signalized hard corner in North Fort Worth. Constructed in 2018, the property features a strong mix of necessity-based and service-oriented tenants operating under triple-net lease structures, including Shipley Do-Nuts, Pinoy Pantry Oriental Market, and Today Dental & Orthodontics. The center's strategic corner positioning, dedicated parking field, and excellent accessibility create a highly functional retail environment that continues to benefit from strong residential growth throughout the surrounding trade area. The property's below-market rent profile provides investors with a compelling opportunity to drive future revenue growth while maintaining stable in-place cash flow.
Beach Street Retail is strategically located at the signalized intersection of North Beach Street and Thompson Road in one of North Fort Worth's most established and rapidly growing retail corridors. The property sits adjacent to Fossil Ridge High School and Heritage Elementary School, creating a consistent stream of daily consumer traffic and reinforcing its position as a neighborhood-serving retail destination. The center is further supported by its proximity to Walmart Supercenter and a dense concentration of national retailers, restaurants, and service providers along the North Beach Street and North Tarrant Parkway corridors.
Investment highlights
SIGNIFICANT MARK-TO-MARKET RENT OPPORTUNITY
Average in-place rents of approximately $30.40/SF compare favorably to recent retail lease comparables in the trade area ranging from approximately $40/SF to $50/SF, providing a clear path to future NOI growth through lease renewals and rollover.
100% OCCUPIED DAILY-NEEDS RETAIL CENTER | ANCHORED BY ETHNIC GROCER
Fully leased to a diverse mix of service-oriented and necessity-based tenants that provide recurring customer visits and strong resistance to e-commerce disruption.
CORPORATE AND PERSONAL LEASE SUPPORT
The tenant roster is supported by a combination of corporate and personal lease obligations, including a corporate lease with Shipley Do-Nuts and personal guaranties from the remaining two tenants.
SIGNALIZED HARD-CORNER LOCATION WITH HIGH TRAFFIC COUNTS
Positioned at the intersection of North Beach Street and Thompson Road with outstanding visibility, accessibility, and exposure to more than 50,000 vehicles per day from surrounding arterial roadways.
BENEFITS FROM CLOSE PROXIMITY TO WALMART
Less than a quarter mile from a high-performing Walmart Supercenter generating substantial consumer traffic (2.5 million visitors annually) and reinforcing the property's position within an established retail trade area.
SCHOOL-DRIVEN DAILY TRAFFIC GENERATOR
Located adjacent to Fossil Ridge High School and Heritage Elementary School, creating consistent daily traffic from students, parents, faculty, and staff throughout the academic year.
AFFLUENT AND GROWING TRADE AREA
Supported by more than 302,000 residents within five miles and average household incomes exceeding $123,000, providing a strong demographic foundation for long-term tenant success.
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