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Shopping Strip

Altamesa Court

2715-2785 Altamesa Blvd, Fort Worth, TX 76133

Listing Price: $4,295,000

Cap Rate
6.59%
Gross SF
35,213
Rentable SF
35,213
Price/Gross SF
$121.97
Lot Size
3.02 acres
Year Built
1986

Investment Overview

Altamesa Court is a 100 percent occupied, 35,213-square-foot, multi-tenant retail center located in a densely populated area in the southern portion of Fort Worth, Texas. Tenants are a complementary mix of internet-resistant, service-oriented businesses and include Benjamin Winn, Gala Venue, Hair Doctor #2, CDMM Enterprises, Vital Signs and Graphics, and Caregiver, Inc. Approximately 88 percent of the gross leasable area has triple-net leases, providing an investor upside potential in converting all leases to triple-net. Constructed in 1986, the building is situated on a 3.02-acre lot with ample paved parking and a highly visible double-sided pylon sign that provides exposure to the center. The subject property is located near the signalized intersection of Altamesa Boulevard and McCart Avenue. Traffic Counts on Altamesa Boulevard are approximately 15,718 vehicles per day, and over 32,681 vehicles per day on McCart Avenue. Neighboring national and regional retailers include Kroger, Walmart, ALDI, Albertsons, AT&T, dd's Discounts, Wingstop, Cato Fashions, Citi Trends, T-Mobile, Sally Beauty, Chick-fil-A, GameStop, McDonald's, CVS, Advance Auto Parts, Pet Supplies Plus, Cook Children's Neighborhood Clinic, Big Lots, Pizza Hut, Firestone Complete Auto Care, 7-Eleven, and more. The surrounding area benefits from strong demographics, serving a population of more than 265,100 residents within a five-mile radius and an average household income of $83,225.

Investment Highlights

  • 35,213-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | 88% of the Gross Leasable Area has Triple-Net Leases
  • Complementary Mix of Local Tenants that are Internet-Resistant, Service-Oriented Businesses
  • Current Average Rents are Below Market
  • Near the Signalized Intersection of Altamesa Boulevard and McCart Avenue with Ingress and Egress Points from Both Roads| Property Benefits from High Traffic Counts | 15,718 Vehicles per Day on Altamesa Boulevard | 32,681 Vehicles per Day on Mc Cart Avenue

Exclusively Listed By

Shopping Strip

Altamesa Court

Listing Price: $4,295,000

Cap Rate
6.59%
Gross SF
35,213
Rentable SF
35,213
Price/Gross SF
$121.97
Lot Size
3.02 acres
Year Built
1986

Investment Highlights

  • 35,213-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | 88% of the Gross Leasable Area has Triple-Net Leases
  • Complementary Mix of Local Tenants that are Internet-Resistant, Service-Oriented Businesses
  • Current Average Rents are Below Market
  • Near the Signalized Intersection of Altamesa Boulevard and McCart Avenue with Ingress and Egress Points from Both Roads| Property Benefits from High Traffic Counts | 15,718 Vehicles per Day on Altamesa Boulevard | 32,681 Vehicles per Day on Mc Cart Avenue

Investment Overview

Altamesa Court is a 100 percent occupied, 35,213-square-foot, multi-tenant retail center located in a densely populated area in the southern portion of Fort Worth, Texas. Tenants are a complementary mix of internet-resistant, service-oriented businesses and include Benjamin Winn, Gala Venue, Hair Doctor #2, CDMM Enterprises, Vital Signs and Graphics, and Caregiver, Inc. Approximately 88 percent of the gross leasable area has triple-net leases, providing an investor upside potential in converting all leases to triple-net. Constructed in 1986, the building is situated on a 3.02-acre lot with ample paved parking and a highly visible double-sided pylon sign that provides exposure to the center. The subject property is located near the signalized intersection of Altamesa Boulevard and McCart Avenue. Traffic Counts on Altamesa Boulevard are approximately 15,718 vehicles per day, and over 32,681 vehicles per day on McCart Avenue. Neighboring national and regional retailers include Kroger, Walmart, ALDI, Albertsons, AT&T, dd's Discounts, Wingstop, Cato Fashions, Citi Trends, T-Mobile, Sally Beauty, Chick-fil-A, GameStop, McDonald's, CVS, Advance Auto Parts, Pet Supplies Plus, Cook Children's Neighborhood Clinic, Big Lots, Pizza Hut, Firestone Complete Auto Care, 7-Eleven, and more. The surrounding area benefits from strong demographics, serving a population of more than 265,100 residents within a five-mile radius and an average household income of $83,225.

Exclusively Listed By

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