Calloway Shopping Center
$2,150,000
5932 River Oaks Boulevard, Fort Worth, TX 76114
12,047 sqft
Building Size
0.69 acres
Lot Area
Details:
Highlights:
- 12,047 SF building
- 7 units
- Built in 1986
- Zoned "E" Commercial
- 85% occupancy
- Value-Add Investment Opportunity
- Stable, Diverse Tenant Mix
- Recent Capital Improvements
- Excellent Infill Location
Description:
SVN | Trinity Advisors is pleased to present the exclusive offering of Calloway Center, a neighborhood retail investment opportunity located at 5932-5952 River Oaks Boulevard, Fort Worth, Texas. This 12,047-square-foot multi-tenant retail center is strategically positioned on approximately 0.69 acres and is currently 85% occupied by a diverse mix of established neighborhood service tenants. The property offers investors immediate cash flow with significant upside through the lease-up of the remaining vacancy, increasing the projected NOI from approximately $121,988 to $163,319 and providing a pro forma cap rate of approximately 7.60%. The tenant roster includes a combination of long-standing local businesses and nationally recognized brands, anchored by State Farm Insurance, which has occupied the center since 1998. Additional tenants include Happy Donuts, Fort Worth Float Company, Liquor Empire, Royal Spa, and Eduardo's Pastry Kitchen, creating a stable mix of daily-needs and service-oriented retailers that generate consistent neighborhood traffic. Recent ownership improvements include a new roof installed in 2025, while annual contractual rent increases throughout the leases provide built-in income growth and inflation protection.
Calloway Center occupies a highly visible corner location along River Oaks Boulevard at Sam Calloway Road, one of northwest Fort Worth's primary commercial corridors, with traffic counts approaching 20,000 vehicles per day. The property serves a mature, densely populated residential trade area located just five miles from Downtown Fort Worth and benefits from excellent regional connectivity via TX-183, Loop 820, Interstate 30, and Interstate 35W. The surrounding area is supported by established neighborhoods, major employers including Lockheed Martin and Naval Air Station Joint Reserve Base Fort Worth, and numerous regional retail destinations. Strong demographics, continued population growth, and proximity to downtown Fort Worth position Calloway Center as a well-located neighborhood retail investment with stable long-term demand and attractive future appreciation potential.
Location
