Skip to main content

Shopping Strip

Haltom City Shopping Center

3912 NE 28th St, Haltom City, TX 76111

Listing Price: $3,948,000

Cap Rate
7.55%
Gross SF
24,000
Rentable SF
24,000
Price/Gross SF
$164.50
Lot Size
2.33 acres
Year Built
1961

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 24,000-square-foot, multi-tenant retail center anchored by Dollar General and the State of Texas located in Haltom City, Texas. The center is 100 percent occupied, consisting of one triple-net and one gross lease. This building was constructed in 1961 and is situated on 2.33 acres of land. The center has excellent signage on both sides of the building along with an ample amount of paved parking spaces.

Haltom City Shopping Center is located on NE 28th Street with multiple ingress and egress points. Traffic counts in front of the property exceed 24,000 vehicles per day. Neighboring national and regional retailers include Family Dollar, O'Reilly Auto Parts, QuikTrip, Church's Chicken, Advance Auto Parts, and Jack in the Box. The surrounding area is densely populated with more than 224,000 residents within a five-mile radius. The average household income is $60,861 within five miles; $56,816 within three miles; and $53,465 within one mile.

Several school campuses are in close proximity including Haltom Middle School, Birdville Elementary, and Shannon High School. Haltom City is an inner suburb of Fort Worth, located in Tarrant County. The city is home to 10 parks, a state-of-the-art public library and recreation center, and the Tarrant County College branch Haltom City Northeast Center is a community division of the TCC Northeast Campus in Hurst.

Investment Highlights

  • 24,000 Square-Foot, Multi-Tenant Retail Center | Anchored by Dollar General and the State of Texas
  • 100% Occupied | 50% Triple-Net Lease | 50% Gross Lease
  • Priced at $165 | Well Below Cost of Replacement
  • Dollar General is a Top-Performing Store | Ranks in the 87th Percentile in Texas and 84th Percentile Nationwide Based on Consumer Traffic, as Compared to Other Dollar General Locations (Source: Placer.ai)
  • Average Remaining Lease Term of Five Years
  • Situated at a Hard Corner, Signalized Intersection, Making it Easily Accessible
  • Excellent Signage on Both Sides of Building | Ample Amount of Paved Parking Spaces
  • Major Thoroughfare between Fort Worth and Denton | Traffic Counts in Front of Property Exceed 24,000 Vehicles per Day

Exclusively Listed By

Shopping Strip

Haltom City Shopping Center

Listing Price: $3,948,000

Cap Rate
7.55%
Gross SF
24,000
Rentable SF
24,000
Price/Gross SF
$164.50
Lot Size
2.33 acres
Year Built
1961

Investment Highlights

  • 24,000 Square-Foot, Multi-Tenant Retail Center | Anchored by Dollar General and the State of Texas
  • 100% Occupied | 50% Triple-Net Lease | 50% Gross Lease
  • Priced at $165 | Well Below Cost of Replacement
  • Dollar General is a Top-Performing Store | Ranks in the 87th Percentile in Texas and 84th Percentile Nationwide Based on Consumer Traffic, as Compared to Other Dollar General Locations (Source: Placer.ai)
  • Average Remaining Lease Term of Five Years
  • Situated at a Hard Corner, Signalized Intersection, Making it Easily Accessible
  • Excellent Signage on Both Sides of Building | Ample Amount of Paved Parking Spaces
  • Major Thoroughfare between Fort Worth and Denton | Traffic Counts in Front of Property Exceed 24,000 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 24,000-square-foot, multi-tenant retail center anchored by Dollar General and the State of Texas located in Haltom City, Texas. The center is 100 percent occupied, consisting of one triple-net and one gross lease. This building was constructed in 1961 and is situated on 2.33 acres of land. The center has excellent signage on both sides of the building along with an ample amount of paved parking spaces. Haltom City Shopping Center is located on NE 28th Street with multiple ingress and egress points. Traffic counts in front of the property exceed 24,000 vehicles per day. Neighboring national and regional retailers include Family Dollar, O'Reilly Auto Parts, QuikTrip, Church's Chicken, Advance Auto Parts, and Jack in the Box. The surrounding area is densely populated with more than 224,000 residents within a five-mile radius. The average household income is $60,861 within five miles; $56,816 within three miles; and $53,465 within one mile. Several school campuses are in close proximity including Haltom Middle School, Birdville Elementary, and Shannon High School. Haltom City is an inner suburb of Fort Worth, located in Tarrant County. The city is home to 10 parks, a state-of-the-art public library and recreation center, and the Tarrant County College branch Haltom City Northeast Center is a community division of the TCC Northeast Campus in Hurst.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower