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McAlister's Strip Center

$4,903,000

9143 Grapevine Highway, North Richland Hills, TX 76180

Pending
Last Updated: 08/19/2024

6.75

Cap Rate

330,951

NOI

Details:
Cap Rate:    6.75%
NOI:    $330,951
Building Size:    12,725 sqft
Lot Area:    2.09 acres
Occupancy:    100%
Year Built:    2000
Tenancy:    Multiple
Highlights:
  • 100% 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
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.

Map:
Documents:
Title
McAlisters_NorthRichlandHillsTX.pdf
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Location
Gallery