McAlister's Strip Center
$4,903,000
9143 Grapevine Highway, North Richland Hills, TX 76180
For Sale
Commercial
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.
Documents:
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McAlisters_NorthRichlandHillsTX.pdf
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Location
Gallery
