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Shopping Strip

Victory Shops at Basswood III

7032 N Blue Mound Rd, Fort Worth, TX 76131

Listing Price: $8,484,266

Cap Rate
6.00%
Gross SF
15,789
Rentable SF
15,789
Price/Gross SF
$537.35
Lot Size
2.13 acres
Year Built
2022

Investment Overview

Victory Shops at Basswood III is a 15,789-square-foot, multi-tenant retail center well positioned in a new retail development in a high growth area of Fort Worth, Texas. The tenant base is a complementary mix of internet-resistant, service-oriented businesses including Jeremiah's Italian Ice, Wayback Burgers, Liquor Cave, Hoshi Ramen, Scenthound, Safe Splash Swim School, and Jamba Juice/Auntie Anne's. All leases are triple-net and have scheduled rent increases during the primary term. The building was constructed in 2022 and sits on 2.13 acres with a concrete parking lot. Both end cap suites have drive-through windows.

The subject property is located near the intersection of Blue Mound Road and Basswood Boulevard. The property benefits from multiple ingress and egress points, and the cumulative traffic counts exceed 39,515 vehicles per day. Adjacent pad sites include Burger King, Salad and Go, Brakes Plus, AutoZone, and a multi-tenant retail center leased to Swig, Mooyah Burgers, Bazooka Charlie's, and Thrive Pet Healthcare. National and regional retailers in close proximity include Kroger, CVS, Super Cuts, Pizza Hut, Subway, Marco's Pizza, Athletico Physical Therapy, Jersey Mike's Subs, Chase Bank, Chipotle, Starbucks, Verizon, SPENGA, and many others.

Investment Highlights

  • Fully Stabilized, 15,789-Square-Foot, Multi-Tenant Retail Center Located in Victory Shops at Basswood, a +/- 26-Acre Development
  • 100% Leased | All Leases are Triple-Net and Include Scheduled Rent Increases, Providing Year-Over-Year Income Growth
  • Building is New 2022 Construction with Attractive Architecture | Both End Cap Suites have Drive-Through Windows
  • Property is Situated on Blue Mound Road Near the Signalized Intersection with Basswood Boulevard | Accessible from Ingress and Egress Points on Both Roads | Cumulative Traffic Counts are Approximately 39,515 Vehicles Per Day

Exclusively Listed By

Financing By

Shopping Strip

Victory Shops at Basswood III

Listing Price: $8,484,266

Cap Rate
6.00%
Gross SF
15,789
Rentable SF
15,789
Price/Gross SF
$537.35
Lot Size
2.13 acres
Year Built
2022

Investment Highlights

  • Fully Stabilized, 15,789-Square-Foot, Multi-Tenant Retail Center Located in Victory Shops at Basswood, a +/- 26-Acre Development
  • 100% Leased | All Leases are Triple-Net and Include Scheduled Rent Increases, Providing Year-Over-Year Income Growth
  • Building is New 2022 Construction with Attractive Architecture | Both End Cap Suites have Drive-Through Windows
  • Property is Situated on Blue Mound Road Near the Signalized Intersection with Basswood Boulevard | Accessible from Ingress and Egress Points on Both Roads | Cumulative Traffic Counts are Approximately 39,515 Vehicles Per Day

Investment Overview

Victory Shops at Basswood III is a 15,789-square-foot, multi-tenant retail center well positioned in a new retail development in a high growth area of Fort Worth, Texas. The tenant base is a complementary mix of internet-resistant, service-oriented businesses including Jeremiah's Italian Ice, Wayback Burgers, Liquor Cave, Hoshi Ramen, Scenthound, Safe Splash Swim School, and Jamba Juice/Auntie Anne's. All leases are triple-net and have scheduled rent increases during the primary term. The building was constructed in 2022 and sits on 2.13 acres with a concrete parking lot. Both end cap suites have drive-through windows. The subject property is located near the intersection of Blue Mound Road and Basswood Boulevard. The property benefits from multiple ingress and egress points, and the cumulative traffic counts exceed 39,515 vehicles per day. Adjacent pad sites include Burger King, Salad and Go, Brakes Plus, AutoZone, and a multi-tenant retail center leased to Swig, Mooyah Burgers, Bazooka Charlie's, and Thrive Pet Healthcare. National and regional retailers in close proximity include Kroger, CVS, Super Cuts, Pizza Hut, Subway, Marco's Pizza, Athletico Physical Therapy, Jersey Mike's Subs, Chase Bank, Chipotle, Starbucks, Verizon, SPENGA, and many others.

Exclusively Listed By

Financing By

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