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Shopping Strip

Near Southside Mercantile

1217 & 1229 8th Ave, Fort Worth, TX 76104

Listing Price: $12,539,000

Cap Rate
5.25%
Gross SF
22,862
Rentable SF
22,862
Price/Gross SF
$548.46
Lot Size
0.43 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to offer the rare opportunity to acquire a newly constructed, 22,862-square foot, multi-tenant retail center, located in the recently revitalized Near Southside District in Fort Worth, Texas. Near Southside Mercantile is 100 percent occupied with a mix of unique restaurants and businesses, including White Rhino Coffee, Cheba Hut, Taco Stand, Wabi House, e4h Architecture, Soul Sweat Fitness Center, ShareTea, OberHere, and Burning Mouth. All leases are triple-net with options for renewal, and the majority of the leases include annual rent escalations. The building was constructed in 2018 and is situated on a 0.432-acre lot. The subject property is located less than one mile south of Interstate 30 on 8th Avenue. Traffic counts in front of the property on 8th Avenue are approximately 26,732 vehicles per day. Near Southside Mercantile is located within the Near Southside District, just south of downtown Fort Worth. Near Southside is known for its proximity to Fort Worth's world-class Medical District, home to Tarrant County's major hospitals and dozens of independent medical clinics, which provide tremendous economic impact to the city and accounts for 39,000 jobs. Major medical centers include Cook Children's Health Care System, Baylor Scott & White All Saints Medical Center, Texas Health Harris Methodist, Medical City Fort Worth, JPI Health Network, and UT Southwestern's Moncrief Cancer Institute.

Investment Highlights

  • 22,862-Square-Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Tenants are a Mix of Unique, Local Restaurants and Businesses
  • Majority of the Leases Include Annual Rent Escalations
  • Building is New (2018) Construction Featuring Three Stories, Attractive Architecture and Low Maintenance Landscaping
  • Located in Near Southside District, An Urban Re-Development District in the Southwest Quadrant of Interstate 35 and Interstate 30 | Approximately 4,000 Total Existing or Proposed Apartment Units in Near Southside | Recent Completion of $8.6 Million South Main Street Reconstruction Project
  • Close Proximity to the Fort Worth's World-Class Medical District, Home to Tarrant County's Major Hospitals and Dozens of Independent Medical Clinics

Exclusively Listed By

Shopping Strip

Near Southside Mercantile

Listing Price: $12,539,000

Cap Rate
5.25%
Gross SF
22,862
Rentable SF
22,862
Price/Gross SF
$548.46
Lot Size
0.43 acres
Year Built
2018

Investment Highlights

  • 22,862-Square-Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Tenants are a Mix of Unique, Local Restaurants and Businesses
  • Majority of the Leases Include Annual Rent Escalations
  • Building is New (2018) Construction Featuring Three Stories, Attractive Architecture and Low Maintenance Landscaping
  • Located in Near Southside District, An Urban Re-Development District in the Southwest Quadrant of Interstate 35 and Interstate 30 | Approximately 4,000 Total Existing or Proposed Apartment Units in Near Southside | Recent Completion of $8.6 Million South Main Street Reconstruction Project
  • Close Proximity to the Fort Worth's World-Class Medical District, Home to Tarrant County's Major Hospitals and Dozens of Independent Medical Clinics

Investment Overview

Marcus & Millichap is pleased to offer the rare opportunity to acquire a newly constructed, 22,862-square foot, multi-tenant retail center, located in the recently revitalized Near Southside District in Fort Worth, Texas. Near Southside Mercantile is 100 percent occupied with a mix of unique restaurants and businesses, including White Rhino Coffee, Cheba Hut, Taco Stand, Wabi House, e4h Architecture, Soul Sweat Fitness Center, ShareTea, OberHere, and Burning Mouth. All leases are triple-net with options for renewal, and the majority of the leases include annual rent escalations. The building was constructed in 2018 and is situated on a 0.432-acre lot. The subject property is located less than one mile south of Interstate 30 on 8th Avenue. Traffic counts in front of the property on 8th Avenue are approximately 26,732 vehicles per day. Near Southside Mercantile is located within the Near Southside District, just south of downtown Fort Worth. Near Southside is known for its proximity to Fort Worth's world-class Medical District, home to Tarrant County's major hospitals and dozens of independent medical clinics, which provide tremendous economic impact to the city and accounts for 39,000 jobs. Major medical centers include Cook Children's Health Care System, Baylor Scott & White All Saints Medical Center, Texas Health Harris Methodist, Medical City Fort Worth, JPI Health Network, and UT Southwestern's Moncrief Cancer Institute.

Exclusively Listed By

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