McAlister's Strip Center

9143 Grapevine Highway, #640 670 North Richland Hills, TX

$4,664,000

Price

6.5%

Cap Rate

$303,177

NOI

Gallery
Street
Map
Overview
Cap Rate
6.5%
NOI
$303,177
Building Size
12,725 sqft
Lot Area
2.09 acres
Occupancy
89.19%
Year Built
2000
Tenancy
Multiple
Description

A multi-tenant outparcel to a high performing Kroger and Kohl’s anchored center located in an affluent submarket of the Dallas-Fort Worth Metroplex. The strip center is anchored by McAlister’s Deli and Red Hot & Blue, with an average occupancy at the center of 20 years.

Highlights
  • ~90% occupied strip center in highly affluent trade area with average household incomes of $115,210 in a 1-mile radius
  • The subject property is being sold on in-place income, rewarding an investor with the opportunity to boost returns through full lease up of the property
  • Highly visible out-parcel to Kroger and Kohl’s anchored shopping center. The shopping center is under new ownership and has seen significant recent leasing momentum
  • Excellent visibility at the hard corner of Precinct Line Road and Grapevine Highway with combined traffic counts of 53,248 VPD
  • High end improvements featuring attractive finishes and outdoor patios
Documents
Title
McAlisters_NorthRichlandHillsTX.pdf
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Location
Gallery