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34543705
34543706

411 Alta Mere Dr, Fort Worth, TX 76114 For Sale

HL
TX TX 724882
Summit Real Estate
Summit Real Estate
Listed by Summit Real Estate
$5,215,000
2 days on market
Updated 2 days ago

2 Tenant Strip

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 9,566
Cap Rate 6.25%
NOI $325,842
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $545
Year Built 2023
Buildings 1
Acreage 0.940
Investment Type Net Lease

Retail | 6.25% CAP | 9,566 SqFt

Marketing description

2023 Construction High-Quality 2 Tenant Medical Strip Located Within One of Fort Worth's Premier Retail Corridors. This fully occupied property features long-term NNN leases with annual rent increases, providing a strong hedge against inflation. The established healthcare-focused tenant base offers recession-resistant tenancy and strong renewal potential, with Behavioral Innovations operating over 120 locations nationwide and Total Med Solutions maintaining 8 locations throughout DFW. Extensive tenant buildouts with specialized improvements and established patient bases support long-term occupancy.

The property benefits from exceptional visibility and accessibility along Alta Mere Drive with traffic counts exceeding 30,000 vehicles per day and immediate access to Interstate 30. Located within one of the nation's fastest-growing large cities, the investment provides exposure to one of the strongest long-term population and employment growth markets in Texas. The surrounding area features affluent demographics with average household incomes above $119,000 within one mile, well above the national average.

Investment highlights

  • 2023 Construction High-Quality 2 Tenant Medical Strip Located Within One of Fort Worth's Premier Retail Corridors
  • 100% Occupied & Long-Term NNN Leases | Annual Increases - Strong Hedge Against Inflation
  • Established Healthcare-Focused Tenant Base Offering Recession-Resistant Tenancy and Strong Renewal Potential | Behavioral Innovations has Over 120 Locations Nationwide & Total Med Solutions has 8 Locations in DFW
  • Extensive Tenant Buildouts with Specialized Improvements & Established Patient Bases Support Long-Term Occupancy
  • Exceptional Visibility & Accessibility Along Alta Mere Drive with Traffic Counts Exceeding 30,000 VPD & Immediate Access to Interstate 30
  • Located Within One of the Nation's Fastest-Growing Large Cities Providing Investors Exposure to One of the Strongest Long-Term Population and Employment Growth Markets in Texas
  • Affluent Demographics with Average Household Incomes Above $119,000 Within One Mile - Well Above National Average
  • Surrounded By Major Retailers Such as Target, Walmart Supercenter, Lowe's Home Improvement, Sam's Club, Burlington, ALDI, McDonald's, Starbucks, Chick-Fil-A, PetSmart, Take 5, Kay Jewelers, Smoothie King, Sonic, Dairy Queen, Arby's & Many More

Listing Contacts

HL
TX TX 724882
Summit Real Estate
Summit Real Estate
Listed by Summit Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$325,842.00
$27,153.50/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Hudson Lambert
License
TX 724882
Brokerage Phone
6029303833
Name
Andrew Williams
License
828215
Brokerage
STRIVE
Brokerage Phone
3185479965
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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