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Shopping Strip

Hall Johnson Center

2350 Hall - Johnson Rd, Grapevine, TX 76051

Listing Price: $8,275,000

Cap Rate
6.00%
Gross SF
21,853
Rentable SF
21,853
Price/Gross SF
$378.67
Lot Size
2.61 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an 21,853-square-foot, multi-tenant retail center located in a highly affluent and densely populated area in Grapevine, Texas. Hall Johnson Center is currently 100 percent leased, and all leases are triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Bon Giorno Coffee, Smiles For You, Almar Jewelers, Sabai Sabai Southeast Asian Kitchen, Jinho Martial Arts, Day Spa Nails, CBD Plus, Johnson Donuts, DFW Kabob & Gyro, and Anytime Fitness. Constructed in 2005, the building has a metal roof and is situated on a 2.61-acre lot with concrete parking. Hall Johnson center is located on Hall-Johnson Road, near the intersection of Hall-Johnson Road and Heritage Avenue with close access to State Highway 121. Traffic counts in front of the property exceed 23,306 vehicles per day. The center is located near many national and regional retailers, including Tom Thumb, Hobby Lobby, McDonald's, Target, DSW Designer Shoe Warehouse, Tuesday Morning Home Goods, Michael's, ULTA Beauty, Dick's Sporting Goods, Old Navy, Lowe's Home Improvement, Ross, Marshalls, Party City, PetSmart, Dollar Tree, and many more. The subject property is also in close proximity to Colleyville Heritage High School, local medical offices, and several hotels, providing additional traffic to the area. The surrounding area has desirable demographics, serving a population of more than 194,890 residents within a five-mile radius. The average household income is $177,674 within one mile; $140,252 within three miles; and $124,661 within five miles.

Investment Highlights

  • 21,853-Square-Foot, Multi-Tenant Retail Center Located in Highly Affluent Grapevine, Texas
  • 100% Occupied with Internet Resistant, Service-Oriented Tenants
  • Current Average Rents are Below Market
  • Building has a Metal Roof | Situated on a 2.61-Acre Lot with Concrete Parking

Exclusively Listed By

Shopping Strip

Hall Johnson Center

Listing Price: $8,275,000

Cap Rate
6.00%
Gross SF
21,853
Rentable SF
21,853
Price/Gross SF
$378.67
Lot Size
2.61 acres
Year Built
2005

Investment Highlights

  • 21,853-Square-Foot, Multi-Tenant Retail Center Located in Highly Affluent Grapevine, Texas
  • 100% Occupied with Internet Resistant, Service-Oriented Tenants
  • Current Average Rents are Below Market
  • Building has a Metal Roof | Situated on a 2.61-Acre Lot with Concrete Parking

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an 21,853-square-foot, multi-tenant retail center located in a highly affluent and densely populated area in Grapevine, Texas. Hall Johnson Center is currently 100 percent leased, and all leases are triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Bon Giorno Coffee, Smiles For You, Almar Jewelers, Sabai Sabai Southeast Asian Kitchen, Jinho Martial Arts, Day Spa Nails, CBD Plus, Johnson Donuts, DFW Kabob & Gyro, and Anytime Fitness. Constructed in 2005, the building has a metal roof and is situated on a 2.61-acre lot with concrete parking. Hall Johnson center is located on Hall-Johnson Road, near the intersection of Hall-Johnson Road and Heritage Avenue with close access to State Highway 121. Traffic counts in front of the property exceed 23,306 vehicles per day. The center is located near many national and regional retailers, including Tom Thumb, Hobby Lobby, McDonald's, Target, DSW Designer Shoe Warehouse, Tuesday Morning Home Goods, Michael's, ULTA Beauty, Dick's Sporting Goods, Old Navy, Lowe's Home Improvement, Ross, Marshalls, Party City, PetSmart, Dollar Tree, and many more. The subject property is also in close proximity to Colleyville Heritage High School, local medical offices, and several hotels, providing additional traffic to the area. The surrounding area has desirable demographics, serving a population of more than 194,890 residents within a five-mile radius. The average household income is $177,674 within one mile; $140,252 within three miles; and $124,661 within five miles.

Exclusively Listed By

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