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Ross, Five Below, pOpshelf 5196 Rufe Snow Dr 45,177 SF 100% Leased Retail Building North Richland Hills, TX 76180 $8,932,000 ($197.71/SF) 7.50% Cap Rate
Investment Highlights
- Positioned at the intersection of Loop 820 and Rufe Snow Drive.
- High-visibility retail location with access to significant daily traffic volumes.
Executive Summary
100% Occupied with Long-Term, Corporate Triple Net Leases – Allows an investor to have limited landlord responsibilities and ease of management
Strong Corporate Guarantees–
Dollar General (PoPShelf Guarantor) – 2024 revenue of $40.6 billion with over 20,000 locations
Ross – 2024 revenue of $21.1 billion and operates 1,847 locations
Five Below – 2024 revenue of $4.03 billion and has more than 1,826 locations
Shadow Anchored by WinCo Foods and Floor & Décor – WinCo Foods is ranked 3rd in Texas within its respective chain for annual visitor counts with 1.2 million while Floor & Décor ranks 4th in Texas within its chain (Source: Placer.ai)
Tarrant County is the 4th Fastest Growing County in Texas and the 10th Fastest Growing County in the Nation in 2024 with an Estimated 2.23 Million Residents (Source: US Census)
???????Across from The Home Depot, Walmart Supercenter, and Sam’s Club generating over 5.28 million visits annually (Source: Placer.ai)
Strong Corporate Guarantees–
Dollar General (PoPShelf Guarantor) – 2024 revenue of $40.6 billion with over 20,000 locations
Ross – 2024 revenue of $21.1 billion and operates 1,847 locations
Five Below – 2024 revenue of $4.03 billion and has more than 1,826 locations
Shadow Anchored by WinCo Foods and Floor & Décor – WinCo Foods is ranked 3rd in Texas within its respective chain for annual visitor counts with 1.2 million while Floor & Décor ranks 4th in Texas within its chain (Source: Placer.ai)
Tarrant County is the 4th Fastest Growing County in Texas and the 10th Fastest Growing County in the Nation in 2024 with an Estimated 2.23 Million Residents (Source: US Census)
???????Across from The Home Depot, Walmart Supercenter, and Sam’s Club generating over 5.28 million visits annually (Source: Placer.ai)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
45,177 SF
Building Class
B
Year Built/Renovated
1984/2024
Price
$8,932,000
Price Per SF
$197.71
Cap Rate
7.50%
NOI
$669,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
4.27 AC
Zoning
Commercial
Amenities
- Dedicated Turn Lane
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41662903 | Improvements Assessment | $6,122,918 |
| Land Assessment | $1,300,530 | Total Assessment | $2,160,000 |
Property Taxes
Parcel Number
41662903
Land Assessment
$1,300,530
Improvements Assessment
$6,122,918
Total Assessment
$2,160,000
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