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2003-2005 S Main St
Keller, TX 76248
Tarrant Parkway Commons · Retail Property For Sale
Investment Highlights
- Sprouts-Anchored, Two-Tenant Center in Dallas/Ft. Worth.
- Strong Traffic-Generating Shadow Anchors (Home Depot and Kohl's)
- Captive Market with Limited Organic Grocery Competition.
- Cash Flow Stability with Low Basis.
- Very Dense/Affluent Demographic Profile.
- Tarrant Parkway Commons is being offered free and clear of any existing debt.
Executive Summary
Disney Investment Group,on behalf of the ownership, has been exclusively retained to offer the opportunity to acquire Tarrant Parkway Commons (the “Property”), a premier 56,722 square-foot neighborhood shopping center located in Keller, Texas.
The free-standing Property is 100% leased to two nationally recognized tenants, Sprouts Farmers Market and Michaels, providing investors with stable cash flow and a complementary mix of grocery and specialty retail uses. Strategically located at the signalized intersection of Hwy. 377 (Main Street) and North Tarrant Parkway, Tarrant Parkway Commons benefits from exceptional visibility, strong traffic counts, and direct access to one of the most affluent and rapidly growing trade areas in the Dallas/Fort Worth Metroplex.
This offering represents a rare opportunity for an investor to acquire a highly successful and shopping center anchored by best-inclass retailers in one of the strongest retail
submarkets within the booming Dallas/ Fort Worth MSA.
The free-standing Property is 100% leased to two nationally recognized tenants, Sprouts Farmers Market and Michaels, providing investors with stable cash flow and a complementary mix of grocery and specialty retail uses. Strategically located at the signalized intersection of Hwy. 377 (Main Street) and North Tarrant Parkway, Tarrant Parkway Commons benefits from exceptional visibility, strong traffic counts, and direct access to one of the most affluent and rapidly growing trade areas in the Dallas/Fort Worth Metroplex.
This offering represents a rare opportunity for an investor to acquire a highly successful and shopping center anchored by best-inclass retailers in one of the strongest retail
submarkets within the booming Dallas/ Fort Worth MSA.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
56,722 SF
Building Class
C
Year Built
2001
NOI
$765,790
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
3.44 AC
Parking
215 Spaces (3.79 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
Property Taxes
| Parcel Number | 07612516 | Improvements Assessment | $2,816,690 |
| Land Assessment | $973,310 | Total Assessment | $3,790,000 |
Property Taxes
Parcel Number
07612516
Land Assessment
$973,310
Improvements Assessment
$2,816,690
Total Assessment
$3,790,000
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