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Shopping Strip

Northlake Commons 5A

1485 Commons Cir, Northlake, TX 76226

Listing Price: $3,345,759

Cap Rate
6.67%
Gross SF
8,200
Rentable SF
8,200
Price/Gross SF
$408.02
Lot Size
1.00 acres
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale Northlake Commons Building 5A, located at the northeast quadrant of Cleveland-Gibbs Road and FM 407 in Northlake, Texas. Northlake Commons Building 5A is 8,200 square feet of Class A leasable area retail shopping center built in 2022. The 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.

This condo and its ownership share the 10.89-acre plot of land. Building 5A represents 6.74 percent land ownership.

The Northlake Commons Building 5A is offered for sale at $3,345,759, which is a 6.67 percent year one CAP Rate. The asset values and cash flow will appreciate each year due to leases structured with annual rent escalations, typically at increases of 2 percent per year.

Northlake Commons Building 5A features a diverse mix of internet-resistant tenants on triple net leases with staggered lease terms. Tenants are Tequila Ranch Cocina and The Hive. Tenants at the Subject Property 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

Exclusively Listed By

Financing By

Shopping Strip

Northlake Commons 5A

Listing Price: $3,345,759

Cap Rate
6.67%
Gross SF
8,200
Rentable SF
8,200
Price/Gross SF
$408.02
Lot Size
1.00 acres
Year Built
2022

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

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale Northlake Commons Building 5A, located at the northeast quadrant of Cleveland-Gibbs Road and FM 407 in Northlake, Texas. Northlake Commons Building 5A is 8,200 square feet of Class A leasable area retail shopping center built in 2022. The 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. This condo and its ownership share the 10.89-acre plot of land. Building 5A represents 6.74 percent land ownership. The Northlake Commons Building 5A is offered for sale at $3,345,759, which is a 6.67 percent year one CAP Rate. The asset values and cash flow will appreciate each year due to leases structured with annual rent escalations, typically at increases of 2 percent per year. Northlake Commons Building 5A features a diverse mix of internet-resistant tenants on triple net leases with staggered lease terms. Tenants are Tequila Ranch Cocina and The Hive. Tenants at the Subject Property 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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