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Woodland Village Strip Center 12400 Timberland Boulevard 8,510 SF 100% Leased Retail Building Fort Worth, TX 76244 $4,100,000 ($481.79/SF) 5.78% Cap Rate
Investment Highlights
- 100% Occupied | Scheduled Rental Increases | Below Market Rent | Dual Drive-Thrus | Weighted Average Lease Term (WALT) - 4.4 Years
- Near Signalized, Hard Corner Intersection | Centralized Location | Timber Creek High School & Caprock Elementary (4,000 Students)
- Strong National/Credit Tenants | Dense Retail Corridor | Texas Health Harris Methodist Hospital Alliance (151 Beds)
- Strong Demographics in 5-Mile Trade Area | Affluent Incomes
Executive Summary
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Woodland Village Strip Center, an 8,510 square foot multi-tenant retail investment property located in Fort Worth, Texas (Dallas MSA). The property is currently 100% leased to a complementary mix of national and regional service-oriented tenants with a weighted average lease term remaining of approximately 4.4 years, reducing near-term rollover risk for a future investor. More than 61% of the current tenant lineup has operated at the property for over 10 years, demonstrating long-term operating history and tenant stability at the site. The rent roll also features contractual rental increases throughout the majority of the tenancy, providing built-in NOI growth and a hedge against inflation. In-place rents remain below current market levels in select suites, creating additional upside potential through future renewals and tenant rollover. The site is anchored by a drive-thru equipped K-Pop Burger, providing a strong traffic draw and daily customer visitation to the center.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,510 SF
Building Class
B
Year Built
2007
Price
$4,100,000
Price Per SF
$481.79
Cap Rate
5.78%
NOI
$236,870
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.36 AC
Zoning
General Commercial
Parking
65 Spaces (7.64 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Jan 0000
Wingstop began in 1994 as a small chicken wing restaurant in Texas and expanded into franchising a few years later. The company now operates and franchises a broad restaurant network centered on cooked-to-order chicken wings, boneless wings, tenders, and chicken sandwiches, with a menu that also includes signature sides and housemade ranch and bleu cheese dips. Wingstop's business model is built around hand-sauced, hand-tossed flavor offerings, and the brand has grown into a widely recognized restaurant system with a large international footprint, while most locations are owned by brand partners.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41391810 | Improvements Assessment | $3,902,172 |
| Land Assessment | $1,272,828 | Total Assessment | $5,175,000 |
Property Taxes
Parcel Number
41391810
Land Assessment
$1,272,828
Improvements Assessment
$3,902,172
Total Assessment
$5,175,000
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