Colonial Commercial Real Estate, LLC is pleased to exclusively offer Meadowbrook East Shopping Center (the "Property"), a 49,277 square foot, 18-tenant neighborhood retail center on 5.35 acres (232,872 SF) at the hard corner of Meadowbrook Drive and Handley Drive in east Fort Worth. The single-story center carries 626 feet of frontage on Meadowbrook Drive and 509 feet on Handley Drive, with two curb cuts on each street, and sits approximately one mile south of Interstate 30 (±136,347 vehicles per day, TxDOT 2025) with secondary exposure along Brentwood Stair Road (±13,600 VPD, TxDOT 2025).
The trade area is dense, established infill. Within five miles of the Property are 231,358 residents, 84,280 households, an average household income of $86,510, and 69,578 daytime employees generating $2.4 billion in annual consumer spending; within three miles, 83,429 residents and 31,459 households. The immediate neighborhood is anchored by Fort Worth ISD enrollment — Eastern Hills High School (1,171 students), Meadowbrook Middle School (730), and West Handley Elementary (534) — with Texas Wesleyan University and its record 2,792-student Fall 2025 enrollment approximately three and a half miles west.
The Property is 100% leased with zero vacancy across 18 tenants, the largest of which, AutoZone, occupies 20.3% of GLA. National credit occupies the two largest boxes AutoZone, in place since 1997 across 10,000 SF, and Family Dollar, in place since 1994 across 7,000 SF — together 34.5% of the center. In-place base rent of $479,856 ($9.74/SF) plus $140,151 of expense reimbursements produces effective gross revenue of $620,007; net of $182,081 in operating expenses and a 5% vacancy factor, in-place net operating income is $406,926, an 8.14% going-in yield on the $5,000,000 asking price.
Average in-place base rent of $9.74/SF sits below the market average of $16.00/SF for the submarket, and the center's own recent leasing proves the spread with recent small-shop deals range from $16.20 to $21.50/SF while legacy anchor rents remain at $5.52–$9.17/SF. With a 2.23-year weighted average lease term and the majority of GLA rolling between 2027 and 2029, a buyer captures that reset on a near-term, self-executing schedule. At $101.47 per square foot — well below replacement cost for 49,277 SF on 5.35 acres of hard-corner infill land, the offering suits a private-capital or value-add investor seeking in-place yield with a defined path to rent growth.