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Precinct Line Retail Shops 1842 Precinct Line Rd 7,420 SF 100% Leased Retail Building Hurst, TX 76054 $4,785,000 ($644.88/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- Newly redeveloped two-tenant retail center
- Strategic positioning in highly trafficked retail node
- Corporate grade tenant credit
- Contractual rent growth
EXECUTIVE SUMMARY
DuWest Realty Investment Services is pleased to present the opportunity to acquire a two-tenant retail property occupied by Swig and LiquorLand ("the Property"), strategically located along Precinct Road (42,536 VPD) with direct access to Highway 121 (232,378 VPD).
The 7,420 square foot asset is situated adjacent to the Walmart Supercenter-anchored shopping center (2.3M annual visitors) and Tarrant County College's Northeast Campus (10,180 students) offering exceptional consumer traffic and visibility. This best-in-class Property is 100% leased to two credit-worthy tenants.
Swig, a rapidly growing soda concept founded in Utah in 2010, now operates more than 70 locations nationwide. This location is their top-performing location in Texas. The lease includes 2.0% annual rent increases, providing the investor with stable, growing cash flow. LiquorLand, a well-established DFW-based liquor store chain known for its cleanliness, safety, and broad selection, currently operates 10 locations and has ambitious expansion plans across Texas and beyond. Upon acquisition, LiquorLand will operate under a new 10-year NNN lease with two fair market value renewal options.
This newly redeveloped, high-end retail building is located in a dynamic, high-growth residential and commercial corridor within the DFW submarket. Within a 3-mile radius, the area boasts a population of 130,302 with an average household income of $93,450.
The acquisition offers investors a premier, multi-tenant retail asset with newly redeveloped construction, NNN lease structures, built-in rent escalations, and a high-performing tenant mix. Positioned in a heavily trafficked and rapidly densifying area, the Property is well positioned for long-term success
The 7,420 square foot asset is situated adjacent to the Walmart Supercenter-anchored shopping center (2.3M annual visitors) and Tarrant County College's Northeast Campus (10,180 students) offering exceptional consumer traffic and visibility. This best-in-class Property is 100% leased to two credit-worthy tenants.
Swig, a rapidly growing soda concept founded in Utah in 2010, now operates more than 70 locations nationwide. This location is their top-performing location in Texas. The lease includes 2.0% annual rent increases, providing the investor with stable, growing cash flow. LiquorLand, a well-established DFW-based liquor store chain known for its cleanliness, safety, and broad selection, currently operates 10 locations and has ambitious expansion plans across Texas and beyond. Upon acquisition, LiquorLand will operate under a new 10-year NNN lease with two fair market value renewal options.
This newly redeveloped, high-end retail building is located in a dynamic, high-growth residential and commercial corridor within the DFW submarket. Within a 3-mile radius, the area boasts a population of 130,302 with an average household income of $93,450.
The acquisition offers investors a premier, multi-tenant retail asset with newly redeveloped construction, NNN lease structures, built-in rent escalations, and a high-performing tenant mix. Positioned in a heavily trafficked and rapidly densifying area, the Property is well positioned for long-term success
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,420 SF
Building Class
C
Year Built
2005
Price
$4,785,000
Price Per SF
$644.88
Cap Rate
6%
NOI
$287,140
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.06 AC
Parking
43 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
205’ on Precinct Line Road
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 40998576 | Improvements Assessment | $2,196,800 |
| Land Assessment | $579,200 | Total Assessment | $2,776,000 |
PROPERTY TAXES
Parcel Number
40998576
Land Assessment
$579,200
Improvements Assessment
$2,196,800
Total Assessment
$2,776,000
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Precinct Line Retail Shops | 1842 Precinct Line Rd
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