2220-2226 Handley Dr - Freestanding FOR SALE


Fort Worth, TX 76112- Ryanwood
$850,000 USD
972-482-0111
2220-2226 Handley Dr, Fort Worth, TX for Sale
$850,000 USD
Freestanding - FOR SALE
1/9
null | 7.55% Cap Rate

2220-2226 Handley Dr
Fort Worth, TX 76112
Ryanwood


HIGHLIGHTS

  • Priced at Below Replacement Cost
  • 100% Occupancy with Lease Expiration in 2030 and 2031
  • All NNN Tenants
  • Large Land for Potential Re-development
  • Located at the signalized intersection with combined average daily traffic of more than 74,000

OVERVIEW

Marcus & Millichap is pleased to offer this multi-tenant retail investment opportunity in Fort Worth, Texas. The subject property is located at the signalized intersection at Meadowbrook Drive and Handly Drive with combined average daily traffic of more than 74,000. The building was constructed in 1972 and consists of 6,860 square feet of retail space and sits on 0.77 acres of land. It has excellent 50 parking spaces at 7.3:1,000 square feet of building. The property provides easy access to I-30, I-820, TX-180. The three tenants are all on triple-net lease with only $0.78 per square foot base rent with potential to increase rents for future tenants. Tenants pay for their own water and electricity for easy management. This is an excellent opportunity to acquire a bite size property for a potential for re-development or further stabilization with façade and overall remodel.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

06930913

ASK ABOUT THIS PROPERTY

William Kim, CCIMMarcus & MillichapMore Info
972-482-0111

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William Kim, CCIMMarcus & MillichapMore Info
972-482-0111

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