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Parkwood Plaza 3-Tenant 5860-5864 N Tarrant Pky 9,770 SF 100% Leased Retail Building Fort Worth, TX 76244 $3,759,000 ($384.75/SF) 6.30% Cap Rate
Investment Highlights
- Below Market Rents Averaging Just $24.20 PSF NNN with Comparable Retail Space Leasing in the $30’s PSF NNN
- Across from H-E-B Grocery Company, LP Owned Land; 430+ Stores Throughout Texas & Mexico, 154,000 Employees & $38.9 Billion in Reported Revenue for 202
- Positioned at North Tarrant Parkway & US 377 Denton Highway (75,700+ Combined VPD); Dense Retail Corridor 1,100,000 SF of Retail GLA Along US 377 (CoS
Executive Summary
100% Leased, 9,770 SF 3-Tenant Neighborhood Shopping Center Across From H-E-B Owned Land
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,770 SF
Building Class
B
Year Built
2009
Price
$3,759,000
Price Per SF
$384.75
Cap Rate
6.30%
NOI
$236,817
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
2.26 AC
Parking
35 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
269’ on N Tarrant Pky
Amenities
- Dedicated Turn Lane
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Number | 41435435 | Improvements Assessment | $2,628,263 |
| Land Assessment | $591,737 | Total Assessment | $3,220,000 |
Property Taxes
Parcel Number
41435435
Land Assessment
$591,737
Improvements Assessment
$2,628,263
Total Assessment
$3,220,000
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Parkwood Plaza 3-Tenant | 5860-5864 N Tarrant Pky
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