Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 175,153-square-foot, multi-tenant community center located in Fort Worth, Texas. The center is currently 94 percent occupied, with 59 percent of the gross leasable area under triple-net leases, providing future upside potential. Anchored by a new 10-year lease with Amped Fitness AMC Theaters, and AW Outlet, the tenant base is a complementary mix of largely internet-resistant businesses, including Dollar Tree, 3D Smokehouse, Marco's Pizza, Hulen Smiles, Dickie's BBQ, Barbershop, Octopharma Plasma, Glamor Wigs, Feng Cha, Amazing Nails, Army Navy, MaharaJa Indian Restaurant, Great Clips, OK Food Mart, Elegance Events, Massage, Jerusalem Market, Lash Supply, Cru Restaurant, and others. The buildings are situated on two parcels totaling 13.8 acres with ample paved parking, and a double-sided monument sign faces Hulen Street providing additional exposure to the center. Landlord reports a new roof was installed on all buildings in 2022 with a 20-year warranty. Hulen Pointe is located on Hulen Bend Boulevard at the signalized intersection with South Hulen Street just less than a mile of Chisholm Trail Parkway. Cumulative traffic counts exceed 65,177 vehicles per day. Hulen Pointe is in close proximity with Hulen Mall, a diverse-scale shopping mall in southwest Fort Worth. Hulen Mall features more than 127 specialty shops and stores and is anchored by Macy's and Dillard's. The center is located in a dense retail trade area, neighbored by numerous national and regional tenants including Haverty's Furniture, Fitness Connection, Mardel Christian & Education, ALDI, AutoZone Auto Parts, Half Price Books, Floor & Decor, Men's Wearhouse, Guitar Center, Uptown Cheapskate, Total Wine & More, Hobby Lobby, and many more. The property is well positioned to serve a dense residential area with a population exceeding 262,497 residents within a five-mile radius, and an average household income of $93,147 within a three-mile radius, and $90,462 within a five-mile radius.