Shopping Strip

Altamesa Strip Center

2101 Altamesa Blvd, Fort Worth, TX 76134

Listing Price: $2,000,000

Cap Rate
7.54%
Gross SF
13,200
Rentable SF
13,200
Price/Gross SF
$151.52

Investment Overview

Marcus & Millichap is please to market this Altamesa strip center, with value-add opportunity. The center is 100 percent occupied and boasts a diverse mix of seven tenants, which ranges from a national branded pawn shop, to locally owned restaurants, and hair salon. Each of the tenants are on gross leases, which puts the center in a good position to have value added over time by converted gross leases to triple-net leases.

Built in 2010, the subject property is located just off the intersection of two major arteries in the area and thus, receives very high traffic counts, as well as being highly visible from each side of the street. The property is mere minutes from Interstate 35W and Interstate 20, while being only a 15 minute drive from downtown Fort Worth. It serves the surrounding communities, along with visitors who are staying at the nearby hotels.

Investment Highlights

  • Traffic counts of 33,558
  • Value-add opportunity
  • Highly visible
  • Serves the residential and commercial communities
  • 100% leased

Exclusively Listed By

Listing Price: $2,000,000

Cap Rate
7.54%
Gross SF
13,200
Rentable SF
13,200
Price/Gross SF
$151.52

Investment Highlights

  • Traffic counts of 33,558
  • Value-add opportunity
  • Highly visible
  • Serves the residential and commercial communities
  • 100% leased

Investment Overview

Marcus & Millichap is please to market this Altamesa strip center, with value-add opportunity. The center is 100 percent occupied and boasts a diverse mix of seven tenants, which ranges from a national branded pawn shop, to locally owned restaurants, and hair salon. Each of the tenants are on gross leases, which puts the center in a good position to have value added over time by converted gross leases to triple-net leases.

Built in 2010, the subject property is located just off the intersection of two major arteries in the area and thus, receives very high traffic counts, as well as being highly visible from each side of the street. The property is mere minutes from Interstate 35W and Interstate 20, while being only a 15 minute drive from downtown Fort Worth. It serves the surrounding communities, along with visitors who are staying at the nearby hotels.

Exclusively Listed By

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