6039 Precinct Line Rd - Storefront FOR SALE
North Richland Hills, TX 76180- Outer N Richland Hill/Haltom City |
$19,085,000 USD
415-274-2702
6039 Precinct Line Rd
North Richland Hills, TX 76180
Outer N Richland Hill/Haltom City
HIGHLIGHTS
- The Crossing is a 100% occupied strip center, shadow co-anchored by Kroger and Kohl’s
- The subject property has benefited from excellent recent leasing momentum, with 4 new tenant leases at the center, including a new 10-year lease
- Daiso’s new 10 year lease encumbers four previous units, combined into a new single junior anchor spac
- In addition to the positive new leasing momentum, current ownership has recently signed five renewals or early extension
- The Crossing is ideally situated at the confluence of Grapevine Highway (22,305 VPD) and Precinct Line Road (30,349 VPD)
- North Richland Hills is one of the largest suburbs in Tarrant County, with a strong residential base and a well-developed commercial corridor
OVERVIEW
The subject property is a 100% occupied strip center in a highly affluent trade area with average household incomes of $132,000 in a 1-mile radius. Shadow anchored by Kroger and Kohl's, The Crossing welcomes more than 2.6 million annual visitors (Placer.ai). Excellent visibility at the hard corner of Precinct Line Road and Grapevine highway with combined traffic counts of 52,650 VPD.
FOR SALE DETAILS
PRICE
$19,085,000 USD
PRICE/SF
$1,081 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Crossing
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
07385617
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415-274-2702
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415-274-2702
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