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Shopping Strip

Heritage Trace Center

2401 Heritage Trace Pkwy, Fort Worth, TX 76177

Listing Price: $5,288,000

Cap Rate
6.25%
Gross SF
10,323
Rentable SF
10,323
Price/Gross SF
$512.25
Lot Size
1.72 acres
Year Built
2017

Investment Overview

Heritage Trace Center is a 10,323-square foot, multi-tenant retail center located in a high-growth area in the northern portion of Fort Worth, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants consist of a complementary mix of internet-resistant, service-oriented businesses including Coco Shrimp, Donut Party/Donut Land, Freedom Family Dentistry, Marine Recruiter, Bloom Hair Bar, and SLK MedSpa. The building is new 2017 construction and is situated on a 1.724-acre lot, which includes a fully-improved pad site for future development of a proposed 4,200-square foot building. The subject property is situated on the north side of Heritage Trace Parkway, less than one-half mile from heavily-trafficked Interstate 35 West, the major north/south thoroughfare in the city. Traffic counts in front of the subject property on Heritage Trace Parkway are approximately 17,700 vehicles per day. Heritage Trace Center sits in front of a newly-constructed Kiddie Academy and is part of a multi-phase development. The center is also adjacent to International Leadership of Texas, a public charter school serving approximately 1,300 students from kindergarten through eighth grade. The center is located in a prime retail corridor near many major retailers including Target, Hobby Lobby, JCPenney, Belk, Kroger Marketplace, Dick's Sporting Goods, Rooms to Go, Costco, At Home, TJ Maxx, PetSmart, Total Wine & More, and numerous others.

Investment Highlights

  • 10,323-Square Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Long-Term Leases with the Majority Having Scheduled Rental Increases During the Primary Term and Options for Renewal
  • New (2017) Construction Situated on 1.724 Acres | Offering Includes an Improved Pad Site with Infrastructure In Place Priced at $800,000 | Future Upside Potential
  • Strategically Located in the High-Growth Alliance Area on Heritage Trace Parkway, Less Than One-Half Mile from Interstate 35 West

Exclusively Listed By

Listing Price: $5,288,000

Cap Rate
6.25%
Gross SF
10,323
Rentable SF
10,323
Price/Gross SF
$512.25
Lot Size
1.72 acres
Year Built
2017

Investment Highlights

  • 10,323-Square Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Long-Term Leases with the Majority Having Scheduled Rental Increases During the Primary Term and Options for Renewal
  • New (2017) Construction Situated on 1.724 Acres | Offering Includes an Improved Pad Site with Infrastructure In Place Priced at $800,000 | Future Upside Potential
  • Strategically Located in the High-Growth Alliance Area on Heritage Trace Parkway, Less Than One-Half Mile from Interstate 35 West

Investment Overview

Heritage Trace Center is a 10,323-square foot, multi-tenant retail center located in a high-growth area in the northern portion of Fort Worth, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants consist of a complementary mix of internet-resistant, service-oriented businesses including Coco Shrimp, Donut Party/Donut Land, Freedom Family Dentistry, Marine Recruiter, Bloom Hair Bar, and SLK MedSpa. The building is new 2017 construction and is situated on a 1.724-acre lot, which includes a fully-improved pad site for future development of a proposed 4,200-square foot building. The subject property is situated on the north side of Heritage Trace Parkway, less than one-half mile from heavily-trafficked Interstate 35 West, the major north/south thoroughfare in the city. Traffic counts in front of the subject property on Heritage Trace Parkway are approximately 17,700 vehicles per day. Heritage Trace Center sits in front of a newly-constructed Kiddie Academy and is part of a multi-phase development. The center is also adjacent to International Leadership of Texas, a public charter school serving approximately 1,300 students from kindergarten through eighth grade. The center is located in a prime retail corridor near many major retailers including Target, Hobby Lobby, JCPenney, Belk, Kroger Marketplace, Dick's Sporting Goods, Rooms to Go, Costco, At Home, TJ Maxx, PetSmart, Total Wine & More, and numerous others.

Exclusively Listed By

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