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REO Sale | Cash-Flowing Retail Center 4 Retail Properties Online Auction Sale Hurst, TX
Matterport 3D Tours
Investment Highlights
- Pipeline Village is approximately 99% leased, providing investors with a stabilized income stream and minimal remaining vacancy exposure.
- Pipeline Village benefits from a combination of long-standing tenancy and recent national investment.
- Approximately 90% of the total GLA is concentrated within the property's largest tenants, limiting small-shop exposure.
- Anchored by Hobby Lobby and Mardel, with additional national tenancy from Aaron's, Skechers, and Men's Wearhouse, creating a strong retail lineup.
- Centrally positioned in the Hurst-Euless-Bedford/Mid-Cities corridor, Pipeline Village offers convenient access to the Greater DFW Region.
- Major lease expirations are staggered through 2030-2035, limiting concentrated rollover risk and providing greater long-term income visibility.
Executive Summary
Pipeline Village is an established multi-tenant retail center located along West Pipeline Road in Hurst, Texas, within the Hurst-Euless-Bedford (“HEB”) / Mid-Cities corridor of the Dallas-Fort Worth metroplex. The Property benefits from convenient access to SH-121/SH-183, providing regional connectivity to Dallas, Fort Worth, DFW International Airport, and the surrounding Northeast Tarrant County communities.
Originally constructed in 1980, Pipeline Village totals approximately 133,236 SF and is approximately 99% leased. The Property features a strong mix of national, regional, and local retailers led by Hobby Lobby, Mardel, Aaron’s, Skechers, and Men’s Wearhouse, complemented by Movie Trading Company, Freebirds World Burrito, PostNet, and March Jewelers.
The Property benefits from a substantial concentration of nationally recognized credit tenancy. Hobby Lobby occupies approximately 49,210 SF through March 2035, while Mardel occupies approximately 31,964 SF under a 10-year primary lease term with four additional five-year renewal options. Mardel’s lease is guaranteed by Hobby Lobby Stores, Inc., resulting in approximately 81,174 SF, or 61% of total GLA, supported by Hobby Lobby credit. Although Mardel is leasing the full 31,964 SF space, and Hobby Lobby is the credit behind that entire space, Mardel is building out only a portion of it and will sublease the remaining space. Skechers occupies approximately 13,162 SF through May 2034, while Aaron’s occupies approximately 19,872 SF through March 2030.
Pipeline Village offers investors the opportunity to acquire a stabilized, nearly fully leased retail asset with durable in-place income and substantial national credit exposure. The Property’s five largest tenants—Hobby Lobby, Mardel, Aaron’s, Skechers, and Men’s Wearhouse—occupy approximately 120,208 SF, representing roughly 90% of total GLA. With approximately 99% leased occupancy, significant Hobby Lobby-backed tenancy, and a weighted average lease term of approximately 8.1 years, Pipeline Village provides investors with long-term income visibility and limited remaining lease-up exposure within an established Mid-Cities retail corridor.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Originally constructed in 1980, Pipeline Village totals approximately 133,236 SF and is approximately 99% leased. The Property features a strong mix of national, regional, and local retailers led by Hobby Lobby, Mardel, Aaron’s, Skechers, and Men’s Wearhouse, complemented by Movie Trading Company, Freebirds World Burrito, PostNet, and March Jewelers.
The Property benefits from a substantial concentration of nationally recognized credit tenancy. Hobby Lobby occupies approximately 49,210 SF through March 2035, while Mardel occupies approximately 31,964 SF under a 10-year primary lease term with four additional five-year renewal options. Mardel’s lease is guaranteed by Hobby Lobby Stores, Inc., resulting in approximately 81,174 SF, or 61% of total GLA, supported by Hobby Lobby credit. Although Mardel is leasing the full 31,964 SF space, and Hobby Lobby is the credit behind that entire space, Mardel is building out only a portion of it and will sublease the remaining space. Skechers occupies approximately 13,162 SF through May 2034, while Aaron’s occupies approximately 19,872 SF through March 2030.
Pipeline Village offers investors the opportunity to acquire a stabilized, nearly fully leased retail asset with durable in-place income and substantial national credit exposure. The Property’s five largest tenants—Hobby Lobby, Mardel, Aaron’s, Skechers, and Men’s Wearhouse—occupy approximately 120,208 SF, representing roughly 90% of total GLA. With approximately 99% leased occupancy, significant Hobby Lobby-backed tenancy, and a weighted average lease term of approximately 8.1 years, Pipeline Village provides investors with long-term income visibility and limited remaining lease-up exposure within an established Mid-Cities retail corridor.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
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- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Easement
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 4 |
| Type of Ownership | Fee Simple | Total Building Size | 133,236 SF |
| Sale Type | Investment | Total Land Area | 7.98 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Total Building Size | 133,236 SF |
| Total Land Area | 7.98 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Pipeline Village
1309-1323 W Pipeline Rd, Hurst, TX 76053 |
Retail | 114,246 SF | 1980 |
|
Pipeline Village
1327-1335 W Pipeline Rd, Hurst, TX 76053 |
Retail | 7,990 SF | 1999 |
|
Pipeline Village
1341 W Pipeline Rd, Hurst, TX 76053 |
Retail | 6,000 SF | 1999 |
| 1301-1305 W Pipeline Rd, Hurst, TX 76053 | Retail | 5,000 SF | 1980 |
Sale Advisors
Sale Advisors
Brandon Beeson, Senior Vice President | Shareholder
Brandon Beeson is a Senior Vice President at Kidder Mathews in Dallas with more than 25 years of experience specializing in retail investment sales and capital markets.
Brandon joined Kidder Mathews in 2026 as one of the founding brokers in the firm’s expansion into Texas. He co-leads an investments team with Mart Martindale that includes Wilson Stafford, JD Cobb, and Claire Schmeltekopf.
Combining his legal and commercial real estate backgrounds, Brandon advises clients on the positioning and disposition of high-quality retail assets. His broad industry experience, extensive relationships, and perspective on capital market cycles enable him to provide strategic guidance nationwide.
Before joining Kidder Mathews, Brandon co-founded Edge Capital Markets, the investment services platform of Edge Realty Partners, in 2012. He previously served as a senior director at Berkadia and Cushman & Wakefield. Early in his career, Brandon specialized in project leasing throughout Texas and the Southern and Southeastern United States.
Brandon joined Kidder Mathews in 2026 as one of the founding brokers in the firm’s expansion into Texas. He co-leads an investments team with Mart Martindale that includes Wilson Stafford, JD Cobb, and Claire Schmeltekopf.
Combining his legal and commercial real estate backgrounds, Brandon advises clients on the positioning and disposition of high-quality retail assets. His broad industry experience, extensive relationships, and perspective on capital market cycles enable him to provide strategic guidance nationwide.
Before joining Kidder Mathews, Brandon co-founded Edge Capital Markets, the investment services platform of Edge Realty Partners, in 2012. He previously served as a senior director at Berkadia and Cushman & Wakefield. Early in his career, Brandon specialized in project leasing throughout Texas and the Southern and Southeastern United States.
Mart Martindale, Senior VP | Managing Director | Shareholder
Mart Martindale is a Senior Vice President and Managing Director at Kidder Mathews in Dallas with more than 25 years of experience specializing in commercial real estate investment sales and capital markets.
Mart joined Kidder Mathews in 2026. A sixth-generation Texan, Mart was instrumental in launching the firm’s expansion into Texas as its founding Managing Director. He co-leads an investments team with Brandon Beeson that includes Wilson Stafford, John David Cobb, and Claire Schmeltekopf.
Mart’s extensive knowledge of distressed assets and complex resolutions including pre-foreclosure strategy as well as REO, receivership, and bankruptcy trustee dispositions has made him a trusted advisor to major special servicers, agency lenders, court-appointed receivers, private equity funds, banks, insurance companies, and other financial institutions. As a recognized authority in the field, he has been invited to speak at dozens of distressed real estate conferences since 2010.
Over the course of his career, Mart has sold every major class of income-producing commercial real estate across the sunbelt, developing especially strong expertise in multifamily and retail, complemented with meaningful experience in office, industrial, and various specialty sectors. Mart and his team have sold more than $3.5 billion in assets and completed valuations totaling over $20 billion for private and institutional clients. He’s been recognized as Power Broker by DCEO magazine 11 times.
Before joining Kidder Mathews, Mart co-founded Edge Capital Markets, the investment services platform of Edge Realty Partners, in 2012. He previously served as a Senior Director at Cushman & Wakefield and Berkadia and as a Vice President at PM Realty Group.
Mart joined Kidder Mathews in 2026. A sixth-generation Texan, Mart was instrumental in launching the firm’s expansion into Texas as its founding Managing Director. He co-leads an investments team with Brandon Beeson that includes Wilson Stafford, John David Cobb, and Claire Schmeltekopf.
Mart’s extensive knowledge of distressed assets and complex resolutions including pre-foreclosure strategy as well as REO, receivership, and bankruptcy trustee dispositions has made him a trusted advisor to major special servicers, agency lenders, court-appointed receivers, private equity funds, banks, insurance companies, and other financial institutions. As a recognized authority in the field, he has been invited to speak at dozens of distressed real estate conferences since 2010.
Over the course of his career, Mart has sold every major class of income-producing commercial real estate across the sunbelt, developing especially strong expertise in multifamily and retail, complemented with meaningful experience in office, industrial, and various specialty sectors. Mart and his team have sold more than $3.5 billion in assets and completed valuations totaling over $20 billion for private and institutional clients. He’s been recognized as Power Broker by DCEO magazine 11 times.
Before joining Kidder Mathews, Mart co-founded Edge Capital Markets, the investment services platform of Edge Realty Partners, in 2012. He previously served as a Senior Director at Cushman & Wakefield and Berkadia and as a Vice President at PM Realty Group.
John David Cobb, Associate Vice President
John David Cobb is an Associate Vice President at Kidder Mathews in Dallas, where he specializes in the acquisition and disposition of commercial investment properties.
John David joined Kidder Mathews in 2026 as one of the founding brokers in the firm’s expansion into Texas and is a member of an investments team alongside Mart Martindale, Brandon Beeson, Wilson Stafford, and Claire Schmeltekopf.
John David began his commercial real estate career as a Financial Analyst Intern at CBRE before joining Swearingen Realty Group, where he served as both a Research Analyst and Tenant Advisor. In those roles, he advised local and national clients on relocations, renewals, dispositions, and lease extensions while gaining experience in market research, financial analysis, and transaction advisory.
Today, John David focuses on representing owners and investors in the sale of commercial investment properties. His background in research, leasing, and investment sales has given him a broad understanding of commercial real estate and the factors that influence investment decisions.
John David joined Kidder Mathews in 2026 as one of the founding brokers in the firm’s expansion into Texas and is a member of an investments team alongside Mart Martindale, Brandon Beeson, Wilson Stafford, and Claire Schmeltekopf.
John David began his commercial real estate career as a Financial Analyst Intern at CBRE before joining Swearingen Realty Group, where he served as both a Research Analyst and Tenant Advisor. In those roles, he advised local and national clients on relocations, renewals, dispositions, and lease extensions while gaining experience in market research, financial analysis, and transaction advisory.
Today, John David focuses on representing owners and investors in the sale of commercial investment properties. His background in research, leasing, and investment sales has given him a broad understanding of commercial real estate and the factors that influence investment decisions.
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Matterport 3D Exterior
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Street
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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REO Sale | Cash-Flowing Retail Center
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