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Shopping Strip

Advance Auto Parts - PLS Financial Services

3200 Mansfield Hwy, Forest Hill, TX 76119

Listing Price: $4,716,000

Cap Rate
6.00%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$471.60
Lot Size
1.46 acres
Year Built
2016

Investment Overview

Advance Auto Parts - PLS Financial Services is a fully stabilized, 10,000-square foot retail center located in a densely populated area of Forest Hill (Fort Worth), Texas. The tenant base consists of national credit, internet-resistant tenants, and all leases are triple-net. Both tenants have multiple options for renewal with 10 percent rental increases at the beginning of each option period. The center is 2016 construction and situated on a 1.46-acre lot. Advance Auto Parts - PLS Financial Services is located on the signalized hard-corner of Mansfield Highway (Business 287) and Wichita Street with additional access to the property from Bisbee Road. Cumulative traffic counts in front of the property exceed 28,400 vehicles per day. Neighboring retailers include Dollar General, Family Dollar, Rent-A-Center, CVS Pharmacy, O'Reilly Auto Parts, Kentucky Fried Chicken, Cash America Pawn, Little Caesar's Pizza, AutoZone, Church's Chicken, and others. The property is also in close proximity to multiple school campuses and less than two miles from the South Campus of Tarrant County Community College. The surrounding area has over 247,150 residents within a five-mile radius. Forest Hill is suburb of Fort Worth, Texas and located less than 10 miles from downtown Fort Worth.

Investment Highlights

  • 70% of the Gross Leasable Area is Leased to Advance Auto Parts
  • PLS Financial Services has 2% Annual Rent Increases During the Primary Term
  • Building is 2016 Construction

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Shopping Strip

Advance Auto Parts - PLS Financial Services

Listing Price: $4,716,000

Cap Rate
6.00%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$471.60
Lot Size
1.46 acres
Year Built
2016

Investment Highlights

  • 70% of the Gross Leasable Area is Leased to Advance Auto Parts
  • PLS Financial Services has 2% Annual Rent Increases During the Primary Term
  • Building is 2016 Construction

Investment Overview

Advance Auto Parts - PLS Financial Services is a fully stabilized, 10,000-square foot retail center located in a densely populated area of Forest Hill (Fort Worth), Texas. The tenant base consists of national credit, internet-resistant tenants, and all leases are triple-net. Both tenants have multiple options for renewal with 10 percent rental increases at the beginning of each option period. The center is 2016 construction and situated on a 1.46-acre lot. Advance Auto Parts - PLS Financial Services is located on the signalized hard-corner of Mansfield Highway (Business 287) and Wichita Street with additional access to the property from Bisbee Road. Cumulative traffic counts in front of the property exceed 28,400 vehicles per day. Neighboring retailers include Dollar General, Family Dollar, Rent-A-Center, CVS Pharmacy, O'Reilly Auto Parts, Kentucky Fried Chicken, Cash America Pawn, Little Caesar's Pizza, AutoZone, Church's Chicken, and others. The property is also in close proximity to multiple school campuses and less than two miles from the South Campus of Tarrant County Community College. The surrounding area has over 247,150 residents within a five-mile radius. Forest Hill is suburb of Fort Worth, Texas and located less than 10 miles from downtown Fort Worth.

Exclusively Listed By

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