Investment Overview

Marcus & Millichap is pleased to present The Library Bar located at 611 Houston Street in the heart of downtown Fort Worth, Texas. The subject property features a 23,639-square-foot multi-tenant retail asset and is situated on 0.17 acres. The subject property is located proximate to major economic drivers in the area including the retail hotspot Sundance Square, the expanding Fort Worth Convention Center, and the new Texas A&M Fort Worth Campus. The Library Bar has been completely renovated with a new HVAC, roof, and secured access security system. The subject property is proximate to 133,675 daytime employees within a three-mile radius. Fort Worth, Texas is the fastest growing city in the United States, with a population of just under one million. As the 13th largest city in the country, Fort Worth is also generating an impressive $2.3 Billion of new developments. Factors such as the relatively low cost of living, recent major corporate relocations, and robust development opportunities have driven more new residents to the Fort Worth market at a rate faster than any other city in the United States. Overall, The Library Bar provides a new investor the opportunity to acquire an extremely well-located, trophy urban infill asset, proximate to many of the main traffic generators in the urban core of Fort Worth, Texas. The subject property allows a new investor the unique opportunity to acquire a core asset located within a high-barrier-to-entry market, at below market rents, providing the potential for future upside to capture rising rents in the downtown submarket.