Press Releases
Marcus & Millichap Brokers Sale of Single-Tenant Net Lease Properties in North Fort Worth
January 29, 2025
FORT WORTH, Texas, Jan. 29, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a single-tenant ground lease portfolio in Fort Worth, Texas. The portfolio consists of two newly constructed assets totaling 4.36 acres, occupied by Seven Brew and HTeaO.
“This transaction highlights the strong demand for net-leased assets in the Dallas-Fort Worth market, particularly those backed by national credit tenants with long-term leases,” says Joe Santelli, first vice president investments in Marcus & Millichap’s Dallas office. "This is another prime example of out-of-state investors aggressively seeking well-located retail assets here in the Metroplex. The strong demographics and retailer line-up surrounding the area also played a key role in driving investor confidence for this investment opportunity.”
Santelli exclusively marketed the property on behalf of the seller, a local developer, the buyer was an out-of-state private investor in a 1031 exchange.
The portfolio comprises two separate properties located at 5001 and 5101 N Tarrant Parkway in the rapidly growing North Fort Worth submarket. The area is anchored by a diverse mix of national retailers, including Kroger, Walmart, Academy Sports, and many more.
“This transaction highlights the strong demand for net-leased assets in the Dallas-Fort Worth market, particularly those backed by national credit tenants with long-term leases,” says Joe Santelli, first vice president investments in Marcus & Millichap’s Dallas office. "This is another prime example of out-of-state investors aggressively seeking well-located retail assets here in the Metroplex. The strong demographics and retailer line-up surrounding the area also played a key role in driving investor confidence for this investment opportunity.”
Santelli exclusively marketed the property on behalf of the seller, a local developer, the buyer was an out-of-state private investor in a 1031 exchange.
The portfolio comprises two separate properties located at 5001 and 5101 N Tarrant Parkway in the rapidly growing North Fort Worth submarket. The area is anchored by a diverse mix of national retailers, including Kroger, Walmart, Academy Sports, and many more.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
