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Shopping Strip

Markum Center

5110 E Belknap St, Haltom City, TX 76117

Listing Price: $4,763,000

Cap Rate
6.00%
Gross SF
19,028
Rentable SF
19,028
Price/Gross SF
$250.32
Lot Size
2.57 acres
Year Built
1963

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a stabilized retail center located in Haltom City, Texas. Markum Center is anchored by a 15-year ground lease with AutoZone that is inline with a 100 percent occupied, 19,028-square-foot multi-tenant retail building with tenants including Family Dollar, Fred Loya Insurance, El Calentano Meat Market/Carniceria, and Supreme Hair and Style. AutoZone is situated on a 1.80-acre parcel and is responsible for all taxes, insurance, and maintenance expenses associated with this parcel. The multi-tenant building is situated on a 0.773-acre parcel, and 90 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of service-oriented businesses and includes leases with two publicly traded companies (NYSE: AZO and NASDAQ: DLTR). Markum Center is located on the signalized, hard corner of Belknap Street/Highway 377 and Bakers Lane. Belknap Street/Highway 377 is a major north-to-south thoroughfare connecting Downtown Fort Worth to Denton. Traffic counts in front of the subject property are approximately 11,400 vehicles per day. The property is easily accessible from multiple ingress and egress points on Belknap Street, Bakers Lane, and Juniper Street. Neighboring retailers include O’Reilly Auto Parts, La Familia Auto Insurance, Advance Auto Parts, Dollar General, Church’s Chicken, Jack in the Box, and others. Located approximately five miles from Downtown Fort Worth, Markum Center is well positioned in an extremely dense residential area to serve a population of 239,585 people within a five-mile radius.

Investment Highlights

  • Anchored by AutoZone Ground Lease | Tenant has 10 Years Remaining on the 15-Year Primary Term and Six Five-Year Options for Renewal | 10% Rent Increases Scheduled at Each Renewal
  • 100% Leased, 19,028-Square-Foot, Multi-Tenant Retail Center Anchored by Family Dollar | Publicly Traded Company (NASDAQ: DLTR)
  • 90% of the Gross Leasable Area has Triple-Net Leases
  • Property is Situated on Two Parcels | AutoZone is Responsible for All Maintenance and Expenses Associated with Its Parcel
  • Signalized, Hard Corner Location at the intersection of Belknap Street/Highway 377 and Bakers Lane | Easily Accessible from Multiple Ingress and Egress Points

Exclusively Listed By

Financing By

Listing Price: $4,763,000

Cap Rate
6.00%
Gross SF
19,028
Rentable SF
19,028
Price/Gross SF
$250.32
Lot Size
2.57 acres
Year Built
1963

Investment Highlights

  • Anchored by AutoZone Ground Lease | Tenant has 10 Years Remaining on the 15-Year Primary Term and Six Five-Year Options for Renewal | 10% Rent Increases Scheduled at Each Renewal
  • 100% Leased, 19,028-Square-Foot, Multi-Tenant Retail Center Anchored by Family Dollar | Publicly Traded Company (NASDAQ: DLTR)
  • 90% of the Gross Leasable Area has Triple-Net Leases
  • Property is Situated on Two Parcels | AutoZone is Responsible for All Maintenance and Expenses Associated with Its Parcel
  • Signalized, Hard Corner Location at the intersection of Belknap Street/Highway 377 and Bakers Lane | Easily Accessible from Multiple Ingress and Egress Points

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a stabilized retail center located in Haltom City, Texas. Markum Center is anchored by a 15-year ground lease with AutoZone that is inline with a 100 percent occupied, 19,028-square-foot multi-tenant retail building with tenants including Family Dollar, Fred Loya Insurance, El Calentano Meat Market/Carniceria, and Supreme Hair and Style. AutoZone is situated on a 1.80-acre parcel and is responsible for all taxes, insurance, and maintenance expenses associated with this parcel. The multi-tenant building is situated on a 0.773-acre parcel, and 90 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of service-oriented businesses and includes leases with two publicly traded companies (NYSE: AZO and NASDAQ: DLTR). Markum Center is located on the signalized, hard corner of Belknap Street/Highway 377 and Bakers Lane. Belknap Street/Highway 377 is a major north-to-south thoroughfare connecting Downtown Fort Worth to Denton. Traffic counts in front of the subject property are approximately 11,400 vehicles per day. The property is easily accessible from multiple ingress and egress points on Belknap Street, Bakers Lane, and Juniper Street. Neighboring retailers include O’Reilly Auto Parts, La Familia Auto Insurance, Advance Auto Parts, Dollar General, Church’s Chicken, Jack in the Box, and others. Located approximately five miles from Downtown Fort Worth, Markum Center is well positioned in an extremely dense residential area to serve a population of 239,585 people within a five-mile radius.

Exclusively Listed By

Financing By

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