Fort Worth, TX - Woodland Village Strip Center

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Woodland Village Strip Center, an 8,510 square foot multi-tenant retail investment property located in Fort Worth, Texas (Dallas MSA). The property is currently 100% leased to a complementary mix of national and regional service-oriented tenants with a weighted average lease term remaining of approximately 4.4 years, reducing near-term rollover risk for a future investor. More than 61% of the current tenant lineup has operated at the property for over 10 years, demonstrating long-term operating history and tenant stability at the site. The rent roll also features contractual rental increases throughout the majority of the tenancy, providing built-in NOI growth and a hedge against inflation. In-place rents remain below current market levels in select suites, creating additional upside potential through future renewals and tenant rollover. The site is anchored by a drive-thru equipped K-Pop Burger, providing a strong traffic draw and daily customer visitation to the center.

Woodland Village Strip Center is strategically located near the signalized, hard corner intersection of Alta Vista Road and Timberland Boulevard which supports more than 17,000 vehicles per day. The asset also benefits from nearby access to Interstate 35W (99,800 VPD), Highway 170 (25,200 VPD), Golden Triangle Blvd (31,100 VPD), and more, making this an ideal, centralized location with easy commutes. Located in a dense retail corridor, the asset is within close proximity of multiple national/credit tenants including Walmart Supercenter, Sam’s Club, Kroger, Bass Pro Shops, Aldi, CVS, Walgreens, Dollar Tree, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Furthermore, the asset is within walking distance of Timber Creek High School and Caprock Elementary School, which collectively serve more than 4,000 students, providing a strong built-in consumer base and consistent daily traffic to the surrounding area. Moreover, the property is located in close proximity to Texas Health Harris Methodist Hospital Alliance, a 151-bed full-service acute
care hospital that serves more than 50,000 patients annually and generates approximately 44,000 emergency room visits per year, providing a significant daytime employment and consumer driver for the surrounding trade area. The dense, 5-mile subject trade area is supported by more than 196,000 residents and 59,000 daytime employees who boast affluent average household incomes of more than $159,000.

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