1842 Precinct Line Rd - Storefront FOR SALE


Hurst, TX 76054
$4,785,000 USD
214-675-3665
1842 Precinct Line Rd, Hurst, TX for Sale
$4,785,000 USD
Storefront - FOR SALE
1/3
null | 6% Cap Rate

1842 Precinct Line Rd
Hurst, TX 76054


HIGHLIGHTS

  • Newly redeveloped two-tenant retail center
  • Corporate grade tenant credit
  • Strategic positioning in highly trafficked retail node
  • Contractual rent growth

OVERVIEW

DuWest Realty Investment Services is pleased to present the opportunity to acquire a two-tenant retail property occupied by Swig and LiquorLand ("the Property"), strategically located along Precinct Road (42,536 VPD) with direct access to Highway 121 (232,378 VPD). The 7,420 square foot asset is situated adjacent to the Walmart Supercenter-anchored shopping center (2.3M annual visitors) and Tarrant County College's Northeast Campus (10,180 students) offering exceptional consumer traffic and visibility. This best-in-class Property is 100% leased to two credit-worthy tenants. Swig, a rapidly growing soda concept founded in Utah in 2010, now operates more than 70 locations nationwide. This location is their top-performing location in Texas. The lease includes 2.0% annual rent increases, providing the investor with stable, growing cash flow. LiquorLand, a well-established DFW-based liquor store chain known for its cleanliness, safety, and broad selection, currently operates 10 locations and has ambitious expansion plans across Texas and beyond. Upon acquisition, LiquorLand will operate under a new 10-year NNN lease with two fair market value renewal options. This newly redeveloped, high-end retail building is located in a dynamic, high-growth residential and commercial corridor within the DFW submarket. Within a 3-mile radius, the area boasts a population of 130,302 with an average household income of $93,450. The acquisition offers investors a premier, multi-tenant retail asset with newly redeveloped construction, NNN lease structures, built-in rent escalations, and a high-performing tenant mix. Positioned in a heavily trafficked and rapidly densifying area, the Property is well positioned for long-term success

FOR SALE DETAILS

PRICE

$4,785,000 USD

PRICE/SF

$645 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LiquorLand & Swig

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,348 SF

ZONING

-

APN/PARCEL ID

40998576

ASK ABOUT THIS PROPERTY

Will WaltersDuWest RealtyMore Info
214-675-3665

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Will WaltersDuWest RealtyMore Info
214-675-3665

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.