Skip to main content

Shopping Strip

Boulevard 26 Retail Center

6601 26 Blvd, North Richland Hills, TX 76180

Listing Price: $2,896,000

Cap Rate
6.93%
Gross SF
28,775
Rentable SF
28,775
Price/Gross SF
$100.64
Lot Size
2.20 acres
Year Built
1975

Investment Overview

Boulevard 26 Retail Center is a 100 percent occupied, 28,775-square-foot, multi-tenant retail center that is well positioned in a densely populated area of North Richland Hills, Texas. Tenants consist of RG Furniture and VIP Care. Both leases include annual rent increases, providing year-over-year income growth. Originally constructed in 1975, the building is situated on a large 2.20-acre parcel with ample paved parking. A double-sided pylon sign provides additional exposure to the center; Landlord is in the process of upgrading the signage.

The subject property is located on Boulevard 26, near the signalized intersection with Rufe Snow Drive. Boulevard 26 Retail Center is easily accessible from multiple ingress and egress points. Combined traffic counts exceed 25,709 vehicles per day on Boulevard 26. The subject property is directly across the street from Walmart Neighborhood Market. Numerous other national and regional retailers are nearby, including Jack in the Box, AutoZone Auto Parts, Kroger, Harbor Freight Tools, Home Zone Furniture, Seconds & Surplus North Richland Hills, Dollar Tree, Planet Fitness, Ollie's Bargain Outlet, ALDI, McDonald's and many others. Birdville Independent School District (BISD) Professional Learning Center Plaza is located a half-mile from the subject property, which opened in 2020 to serve as a meeting place for an array of functions throughout the district and the community. Nearby schools include Shannon High School, Birdville Elementary School, Winfree Academy Charter Schools and Mullendore Elementary School. Boulevard 26 Retail Center is well positioned to serve an extremely densely populated area, with more than 265,174 residents with an average household income exceeding $79,965 within a five-mile radius.

Investment Highlights

  • 28,775-Square-Foot, Multi-Tenant Retail Center | 100% Occupied with Two Tenants
  • Both Leases Include Annual Rent Escalations, Yielding Year-Over-Year Income Growth Potential
  • Current Average Rents are Below Market
  • Priced at $100 per Square Foot | Well Below Replacement Cost
  • Located Near the Signalized Intersection of Boulevard 26 and Rufe Snow Drive | Easily Accessible from Multiple Ingress and Egress Points | Combined Traffic Counts are Approximately 25,009 Vehicles per Day

Exclusively Listed By

Shopping Strip

Boulevard 26 Retail Center

Listing Price: $2,896,000

Cap Rate
6.93%
Gross SF
28,775
Rentable SF
28,775
Price/Gross SF
$100.64
Lot Size
2.20 acres
Year Built
1975

Investment Highlights

  • 28,775-Square-Foot, Multi-Tenant Retail Center | 100% Occupied with Two Tenants
  • Both Leases Include Annual Rent Escalations, Yielding Year-Over-Year Income Growth Potential
  • Current Average Rents are Below Market
  • Priced at $100 per Square Foot | Well Below Replacement Cost
  • Located Near the Signalized Intersection of Boulevard 26 and Rufe Snow Drive | Easily Accessible from Multiple Ingress and Egress Points | Combined Traffic Counts are Approximately 25,009 Vehicles per Day

Investment Overview

Boulevard 26 Retail Center is a 100 percent occupied, 28,775-square-foot, multi-tenant retail center that is well positioned in a densely populated area of North Richland Hills, Texas. Tenants consist of RG Furniture and VIP Care. Both leases include annual rent increases, providing year-over-year income growth. Originally constructed in 1975, the building is situated on a large 2.20-acre parcel with ample paved parking. A double-sided pylon sign provides additional exposure to the center; Landlord is in the process of upgrading the signage. The subject property is located on Boulevard 26, near the signalized intersection with Rufe Snow Drive. Boulevard 26 Retail Center is easily accessible from multiple ingress and egress points. Combined traffic counts exceed 25,709 vehicles per day on Boulevard 26. The subject property is directly across the street from Walmart Neighborhood Market. Numerous other national and regional retailers are nearby, including Jack in the Box, AutoZone Auto Parts, Kroger, Harbor Freight Tools, Home Zone Furniture, Seconds & Surplus North Richland Hills, Dollar Tree, Planet Fitness, Ollie's Bargain Outlet, ALDI, McDonald's and many others. Birdville Independent School District (BISD) Professional Learning Center Plaza is located a half-mile from the subject property, which opened in 2020 to serve as a meeting place for an array of functions throughout the district and the community. Nearby schools include Shannon High School, Birdville Elementary School, Winfree Academy Charter Schools and Mullendore Elementary School. Boulevard 26 Retail Center is well positioned to serve an extremely densely populated area, with more than 265,174 residents with an average household income exceeding $79,965 within a five-mile radius.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower