214-674-8126
1217-1219 8th Ave, Fort Worth, TX for Sale
Restaurant - FOR SALE
1/3
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1217-1219 8th Ave
Fort Worth, TX 76104
Southside Medical District


HIGHLIGHTS

  • 4TH LARGEST MSA in United States
  • LARGEST MSA in Texas
  • 24 Fortune 500 Companies
  • #1 REAL ESTATE Investment Market

OVERVIEW

Institutional Quality Urban Retail Asset – Newly constructed in 2017, Near Southside Mercantile is a 21,883 SF, modern multi-tenant retail center situated on 1.13 acres in one of Fort Worth’s most vibrant and walkable submarkets High Occupancy with Durable Cash Flow – The property is 89% occupied with $802,220 of in place NOI and a 3.85 year weighted average lease term remaining, providing immediate income with limited near term rollover risk Diversified, Service Oriented Tenant Mix – The center is anchored by a strong lineup of restaurant, fitness, office, and service users, including Cheba Hut, Wabi House, Hill & Wilkinson, Vonte’s Philly Cheesesteaks, Soul Sweat, and Atomic Wings, driving consistent daily traffic and insulation from e-commerce disruption Immediate Value Add Through Lease Up – One 2,391 SF (10.93% of GLA) space is currently available, offering investors the opportunity to immediately increase GPR by $100,000+ Prime Near Southside Location – Located along 8th Avenue in the heart of Fort Worth’s Near Southside district, the property benefits from strong surrounding residential density, proximity to downtown, Texas Health Resources, and major employment and entertainment nodes

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Near Southside Mercantile

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

42226811

ASK ABOUT THIS PROPERTY

214-674-8126

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214-674-8126

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