Investment Overview

The Shops at Renaissance Square is a stabilized 93,600-square foot, multi-tenant community center located in a densely populated area of Fort Worth, Texas. The center is 100 percent occupied, and 94 percent of the current tenants have triple-net leases. The subject property is anchored by Marshall's and Ross Dress for Less. Other major tenants include CATO dba It's Fashion Metro, Rue 21, Hibbett Sports, Dollar Tree, Rainbow. Shoe Carnival currently occupies a 12,000-square-foot suite through January 30, 2024; upon lease expiration, Five Below will begin a new 10-year lease. Landlord is in the process of re-parceling to carve out an approximate 6.15-acre pad site for potential future development (not a part of the offering); the pad site may be purchased separately. The subject property is located on Renaissance Square near the hard corner intersection with Mitchell Boulevard and half of a mile from Highway 287. The center benefits from multiple ingress and egress points, with cumulative traffic counts exceeding 35,533 vehicles per day. The center is shadow-anchored by a Walmart Supercenter; numerous other national retailers are in The Shoppes of Renaissance Square development including Pizza Hut, Cricket Wireless, Wingstop, Metro by T Mobile, Bank of America, Wendy's, GameStop, Panda Express, AutoZone, McDonald's, 7-Eleven, Popeyes, Burger King and others. The center is in close proximity to many school campuses, providing additional traffic to the area. The Shops at Renaissance Square is located in a densely populated area with 274,817 residents within a five-mile radius.