Shopping Strip
Olde Towne Shoppes
1115 Fort Worth Hwy, Weatherford, TX 76086
Listing Price: $6,865,700
Investment Overview
Olde Towne Shoppes is a 26,110-square-foot, newly remodeled multi-tenant retail center located in the western portion of the Dallas-Fort Worth Metroplex in Weatherford, one of the fastest-growing cities in Texas. The center is currently 100 percent leased, and all leases are triple-net. Current average rental rates are 21.2 percent below market, lending to future upside potential. Tenants are a complementary mix of internet-resistant, service-oriented businesses and include Great Harvest Bread Co., Bandi Lou's Steakhouse, Joe's Pasta-N-Pizza, Glamour Paws, Renegade Ranch Boutique, Bachman Realty Group, CompuDoc Computer Services, Rock Bottom Liquidations, Haynes Physical Therapy, and Legacy Hair Salon. Joe's Pasta-N-Pizza is an original tenant in the center for over 20 years, and several tenants have recently exercised early lease extensions, demonstrating their commitment to this location. The Weighted Average Lease Term is 6.0 years.
Constructed in 2003, the building sits on 2.42 acres with ample concrete parking. The property was significantly remodeled in 2022 and 2023 including expanding the parking lot to include 18 new paved parking spaces, adding a covered patio area and entryway staircase to the Great Harvest Bread Co. end cap suite, constructing a new exterior façade wall, addition of a five-foot sculpture of a boot in the parking lot, multiple areas with significant landscaping upgrades, and installing hanging tenant signs in the walkway. A double-sided monument sign at the property entrance provides additional exposure.
Investment Highlights
- Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
- 100% of the Leases have Personal Guarantees | Current Average Rental Rates are 21.2% Below Market
- Several Tenants Recently Exercised Early Lease Extensions Demonstrating Their Commitment to the Site | Weighted Average Lease Term is 6.0 Years
- Landlord Reports Property Improvements Completed in 2022 and 2023 Include Expansion of Concrete Parking Lot to Include 18 New Parking Spaces, Patio & Entryway Staircase Additions to End Cap Suite, New Exterior Façade Wall, Sculpture Installation, Significant Landscaping Upgrades in Multiple Areas, and New Hanging Tenant Signs in the Walkway
- Close Proximity to Downtown Weatherford | Premier Location for Dining, Shopping, and Entertainment Centered Around the Town Square
Exclusively Listed By
Listing Price: $6,865,700
Investment Highlights
- Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
- 100% of the Leases have Personal Guarantees | Current Average Rental Rates are 21.2% Below Market
- Several Tenants Recently Exercised Early Lease Extensions Demonstrating Their Commitment to the Site | Weighted Average Lease Term is 6.0 Years
- Landlord Reports Property Improvements Completed in 2022 and 2023 Include Expansion of Concrete Parking Lot to Include 18 New Parking Spaces, Patio & Entryway Staircase Additions to End Cap Suite, New Exterior Façade Wall, Sculpture Installation, Significant Landscaping Upgrades in Multiple Areas, and New Hanging Tenant Signs in the Walkway
- Close Proximity to Downtown Weatherford | Premier Location for Dining, Shopping, and Entertainment Centered Around the Town Square
Investment Overview
Olde Towne Shoppes is a 26,110-square-foot, newly remodeled multi-tenant retail center located in the western portion of the Dallas-Fort Worth Metroplex in Weatherford, one of the fastest-growing cities in Texas. The center is currently 100 percent leased, and all leases are triple-net. Current average rental rates are 21.2 percent below market, lending to future upside potential. Tenants are a complementary mix of internet-resistant, service-oriented businesses and include Great Harvest Bread Co., Bandi Lou's Steakhouse, Joe's Pasta-N-Pizza, Glamour Paws, Renegade Ranch Boutique, Bachman Realty Group, CompuDoc Computer Services, Rock Bottom Liquidations, Haynes Physical Therapy, and Legacy Hair Salon. Joe's Pasta-N-Pizza is an original tenant in the center for over 20 years, and several tenants have recently exercised early lease extensions, demonstrating their commitment to this location. The Weighted Average Lease Term is 6.0 years. Constructed in 2003, the building sits on 2.42 acres with ample concrete parking. The property was significantly remodeled in 2022 and 2023 including expanding the parking lot to include 18 new paved parking spaces, adding a covered patio area and entryway staircase to the Great Harvest Bread Co. end cap suite, constructing a new exterior façade wall, addition of a five-foot sculpture of a boot in the parking lot, multiple areas with significant landscaping upgrades, and installing hanging tenant signs in the walkway. A double-sided monument sign at the property entrance provides additional exposure.
Exclusively Listed By

