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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
- Complimentary Tenant Mix with Uptown Cheapskate, Children’s Art Classes and Bricks & Mini Figs with Average Base Lease Expiration of February 2035
- 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
- Moments from Watauga Towne Shopping Center & Watauga Towne Center; Combined 196,400+ SF of Retail GLA
- Below Market Rents Averaging Just $24.24 PSF NNN with Comparable Retail Space Leasing in the $30’s PSF NNN
- Nearby National Tenant Retailers Include Walmart, Target, The Home Depot, Lowe’s, Kroger, Sprouts, Aldi, Academy, LA Fitness, Petco, Chick Fil A
- 16 Minutes from Downtown Fort Worth, 20 Minutes from Dallas Fort Worth Airport & 35 Minutes from Downtown Dallas
Executive Summary
100% Leased, 9,770 SF 3-Tenant Neighborhood Shopping Center Across From H-E-B Owned Land.
Located in Dense & Affluent Pocket of North Fort Worth | Average Household Income Exceeds $135,000 & $140,800 in 1- & 3- Mile Radius, Respectively.
Close Proximity to Tarrant County College (Northeast Campus) Over 47,000 Students Enrolled in 2024 Across 6 Campuses & One of the Largest Community Colleges in Texas.
Located in Dense & Affluent Pocket of North Fort Worth | Average Household Income Exceeds $135,000 & $140,800 in 1- & 3- Mile Radius, Respectively.
Close Proximity to Tarrant County College (Northeast Campus) Over 47,000 Students Enrolled in 2024 Across 6 Campuses & One of the Largest Community Colleges in Texas.
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
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
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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