Investment Overview

Marcus & Millichap is pleased to present Sycamore Village Shopping Center, a 26,148-square-foot regional retail center located at 3515 Sycamore School Road in Fort Worth, Texas. The subject property is situated on 2.67 acres and is adjacent to Alberton's Grocery Store, and features a mixture of strong national and regional credit tenants. Current tenants have displayed a strong track record of operating history within the center, with additional upside in lease-up of the current vacancy. The subject property is located within a strong retail corridor featuring Walmart Supercenter and multiple national credit tenants within close proximity. The average household income exceeds $89,000 within a five-mile radius of the subject property. The city of Fort Worth, Texas is ranked the 13th largest and one of the fastest-growing cities in the United States, and home to over 935,000 residents. The city added more than 194,000 residents between 2010 and 2021, equating to 25% growth. Fort Worth is projected to be home to approximately 1,000,000 residents by 2028. The city features a current total employment of over 1,400,000 individuals with a projected employment of over 2,100,000 by 2045. The median family income for the city exceeds $80,000. The city is also home to several large-scale corporations, including American Airlines Group (40,600 employees), Lockheed Martin (22,950 employees), and many more. (fortworthtexas.gov) Overall, the Sycamore Village Shopping Center provides a new investor the rare opportunity to acquire an infill value-add shopping center with immediate upside potential and well-positioned in a strong retail corridor. The subject property is priced well-below replacement costs and features recent renovations, including a new roof in 2018. The mix of national and regional credit tenants consist of multiple experiential retail concepts, major tenants within the subject property include The UPS Store, H&R Block, Metro PCS, and GNC.