Investment Overview

Ridge Rock Plaza is a 8,009-square-foot, two-tenant retail center that is located in the Ridge Rock development, strategically located in a densely populated area of Fort Worth, Texas. The center is 100 percent occupied, and both of the leases are triple-net. The tenant base is comprised of credit tenants, including Freebirds World Burrito and Mattress Firm dba Sleep Experts. Both are established tenants at this location, having leases in place for approximately 20 years. Originally constructed in 1996, the building is situated on a 0.99-acre lot with ample paved parking. The subject property is strategically located on Overton Ridge Boulevard in between two signalized hard intersections with River Ranch Boulevard and Rock Quarry Road. Ridge Rock Plaza benefits from multiple ingress and egress points, with cumulative traffic counts exceeding 25,000 vehicles per day. Ridge Rock Plaza is directly across from Hulen Mall, a diverse-scale shopping mall located at the southwestern quadrant of Interstate 20 and Hulen Street. Hulen Mall features more than 127 specialty shops and is anchored by Macy's and Dillard's. Shadow-anchored by the Ridge Rock Development, the center is located in a dense retail trade area, neighbored by numerous national and regional tenants including Michael's, Chair King, Bed Bath & Beyond, Hobby Lobby, Old Navy, Barnes & Noble, Floor & Décor, Total Wine & More, Guitar Center, Costco, Ashley Home Store, Target, Movie Tavern, Jason's Deli, Rosa's Cafe, and many more. The property is well positioned to serve a dense residential area with a population exceeding 281,389 residents within a five-mile radius, and an average household income within a one-mile radius of $73,551; $95,338 within a three-mile radius; and $88,882 within a five-mile radius.