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Precinct Village 8245 Precinct Line Rd 32,074 SF 100% Leased Retail Building North Richland Hills, TX 76182 For Sale
Executive Summary
Stable Cash Flow – The property is 100% occupied, providing immediate and predictable cash flow
Mark-to-Market Growth – ?Precinct Village features a 4.03-year weighted average lease term remaining, with 5 tenants subject to FMV renewal options and 6 tenants with no remaining options, allowing ownership to drive rental rate growth over time while maintaining stabilized income
Shadow-Anchored by Walmart Supercenter Boasting 1.8 Million Annual Visits and Target Superstore Boasting 1.2 Million Annual Visits (Source: Placer.ai)
NNN Expense Structure – Provides full reimbursement of operating expenses, enhancing NOI durability and minimizing ownership risk
Attractive Tenant Diversification – Complementary mix of experiential, service, and daily needs tenants supports steady traffic generation and enhances long term income durability
Mark-to-Market Growth – ?Precinct Village features a 4.03-year weighted average lease term remaining, with 5 tenants subject to FMV renewal options and 6 tenants with no remaining options, allowing ownership to drive rental rate growth over time while maintaining stabilized income
Shadow-Anchored by Walmart Supercenter Boasting 1.8 Million Annual Visits and Target Superstore Boasting 1.2 Million Annual Visits (Source: Placer.ai)
NNN Expense Structure – Provides full reimbursement of operating expenses, enhancing NOI durability and minimizing ownership risk
Attractive Tenant Diversification – Complementary mix of experiential, service, and daily needs tenants supports steady traffic generation and enhances long term income durability
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
32,074 SF
Building Class
C
Year Built
2003
NOI
$708,181
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
3.01 AC
Zoning
Commercial
Parking
163 Spaces (5.08 Spaces per 1,000 SF Leased)
Frontage
625’ on Precinct Line Rd
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Baja Cantina
- Accommodation and Food Services
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- Arts, Entertainment, and Recreation
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F45 Training began in 2011 in Sydney, Australia, created by Rob Deutsch and Adam Gilchrist. The company brought its 45-minute functional fitness classes to the United States in 2015. The workouts combine cardio, strength, and resistance training in a group setting. Texas became a key market with numerous franchise locations across cities like Austin, Houston, and Dallas. F45 emphasizes varied daily workouts using its proprietary training system.
- Marble Slab & Great American Cookie
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$9.99
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Lorem Ipsum
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- Educational Services
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Baja Cantina | Accommodation and Food Services | - | - | - | Jan 0000 | |
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Arts, Entertainment, and Recreation | - | - | - | Jan 0000 | |
| Marble Slab & Great American Cookie | - | - | $9.99 | Lorem Ipsum | - | |
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Educational Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 42298383 | Improvements Assessment | $3,826,668 |
| Land Assessment | $1,573,332 | Total Assessment | $5,400,000 |
Property Taxes
Parcel Number
42298383
Land Assessment
$1,573,332
Improvements Assessment
$3,826,668
Total Assessment
$5,400,000
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Precinct Village | 8245 Precinct Line Rd
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