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Shopping Strip

Northlake Commons Building 7

1234 FM 407, Northlake, TX 76226

Listing Price: $4,741,444

Cap Rate
6.65%
Gross SF
10,216
Rentable SF
10,216
Price/Gross SF
$464.12
Lot Size
10.89 acres
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale Northlake Commons Building 7, located at 1234 FM 407 in Northlake, Texas. Northlake Commons Building 7 was built in 2021 and features 10,216 square feet of Class A leasable area. This retail center is structured as a condo within the greater Northlake Commons development that spans 10.89 acres at a main entrance of the Harvest by Hillwood master planned community. The Subject Property offered for sale owns a 9.56 percent share of the 10.89-acre plot of land.

Northlake Commons Building 7 is offered for sale for $4,741,444, which is a 6.65 percent year one CAP Rate. The asset value and its cash flow will appreciate each year due to leases structured with 2 percent annual rent escalations. The Weighted Average Lease Term across the tenancy is 62 months.

Northlake Commons Building 7 features a diverse mix of internet-resistant tenants on long-term, triple net leases. Uses at the center include medical, fitness, and dining. Tenants at Northlake Commons Building 7 have positioned themselves in this shopping center to capitalize on the booming growth continuing to happen in this market. In 2022, Northlake/Argyle saw an increase in population of greater than twenty percent.

Investment Highlights

  • Situated at the Entrance to Harvest by Hillwood Master Planned Community
  • Northlake/Argyle is Growing Twenty Percent+ Per Year in Residents
  • Diverse Mix of Internet-Resistant Tenants on Triple-Net Leases
  • Most Leases Feature Annual Rent Increases (Typically 2 Percent)
  • New Class A Construction
  • Average Weighted Average Lease Term (WALT) Across Tenancy of 62 Months

Exclusively Listed By

Financing By

Shopping Strip

Northlake Commons Building 7

Listing Price: $4,741,444

Cap Rate
6.65%
Gross SF
10,216
Rentable SF
10,216
Price/Gross SF
$464.12
Lot Size
10.89 acres
Year Built
2021

Investment Highlights

  • Situated at the Entrance to Harvest by Hillwood Master Planned Community
  • Northlake/Argyle is Growing Twenty Percent+ Per Year in Residents
  • Diverse Mix of Internet-Resistant Tenants on Triple-Net Leases
  • Most Leases Feature Annual Rent Increases (Typically 2 Percent)
  • New Class A Construction
  • Average Weighted Average Lease Term (WALT) Across Tenancy of 62 Months

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale Northlake Commons Building 7, located at 1234 FM 407 in Northlake, Texas. Northlake Commons Building 7 was built in 2021 and features 10,216 square feet of Class A leasable area. This retail center is structured as a condo within the greater Northlake Commons development that spans 10.89 acres at a main entrance of the Harvest by Hillwood master planned community. The Subject Property offered for sale owns a 9.56 percent share of the 10.89-acre plot of land. Northlake Commons Building 7 is offered for sale for $4,741,444, which is a 6.65 percent year one CAP Rate. The asset value and its cash flow will appreciate each year due to leases structured with 2 percent annual rent escalations. The Weighted Average Lease Term across the tenancy is 62 months. Northlake Commons Building 7 features a diverse mix of internet-resistant tenants on long-term, triple net leases. Uses at the center include medical, fitness, and dining. Tenants at Northlake Commons Building 7 have positioned themselves in this shopping center to capitalize on the booming growth continuing to happen in this market. In 2022, Northlake/Argyle saw an increase in population of greater than twenty percent.

Exclusively Listed By

Financing By

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