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North Park Plaza 6300-6316 Rufe Snow Dr 55,240 SF 100% Leased Retail Building North Richland Hills, TX 76148 For Sale
Executive Summary
Actionable Upside Potential – 8 tenants expire within 3-years with no options and below market rents. 47% of shop space is occupied by tenants with 10+ years of operating history at the center
Existing Rents are Substantially Below Market – North Park Plaza’s average rent is $10.66 PSF which is 54% below average market rent in North Richland Hills at $19.60 PSF (Source: CoStar Analytics)
Directly Across from 60,000 SF Albertsons Grocery Store
100% Occupied Center with an Excellent Synergistic Tenant Lineup – Internet resistant food & service tenants that offer high-quality goods & services to the surrounding area
Anchored by Planet Fitness on a New 10-Year Lease – Planet Fitness has over 20 million members across 2,700 locations worldwide. The lease is guaranteed by Excel Fitness, a prominent Franchisee who has been recognized as Franchisee of the Year and has over 160 Planet Fitness locations across nine states
Existing Rents are Substantially Below Market – North Park Plaza’s average rent is $10.66 PSF which is 54% below average market rent in North Richland Hills at $19.60 PSF (Source: CoStar Analytics)
Directly Across from 60,000 SF Albertsons Grocery Store
100% Occupied Center with an Excellent Synergistic Tenant Lineup – Internet resistant food & service tenants that offer high-quality goods & services to the surrounding area
Anchored by Planet Fitness on a New 10-Year Lease – Planet Fitness has over 20 million members across 2,700 locations worldwide. The lease is guaranteed by Excel Fitness, a prominent Franchisee who has been recognized as Franchisee of the Year and has over 160 Planet Fitness locations across nine states
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
55,240 SF
Building Class
B
Year Built/Renovated
1979/2006
NOI
$556,828
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
5.06 AC
Zoning
C1,N. Richland Hills
Parking
265 Spaces (4.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- NRH Beer & Wine
- Retailer
- -
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| NRH Beer & Wine | Retailer | - | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 40379388 | Improvements Assessment | $120,939 |
| Land Assessment | $2,479,061 | Total Assessment | $2,600,000 |
Property Taxes
Parcel Number
40379388
Land Assessment
$2,479,061
Improvements Assessment
$120,939
Total Assessment
$2,600,000
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