713-852-3535
900-960 Melbourne Rd, Hurst, TX for Sale
Retail - FOR SALE
1/10
null | Request Cap Rate


HIGHLIGHTS

  • 89% occupied 47,364 square-foot asset located in the Hurst submarket of DFW
  • Located in the must-have retail corridor of Hurst, TX, situated directly across from Northeast Mall (4.3M annual visitors)
  • Significant growth potential via 20% below market rents and 16 tenants expiring without options
  • Expansive trade area with 224,900+ annual visitors to the center

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Melbourne Plaza (the “Property”), a 47,364 square foot 89% leased retail center located in the thriving Hurst submarket of the Dallas-Fort Worth MSA. This exceptional investment opportunity is strategically located in the must-have retail corridor of Hurst, TX, across the street from the Northeast Mall (attracting 5.3M annual visitors). The Property offers an incredible value-add opportunity with 20% below market rents and 16 tenants expiring without options. With nearly 11 years of weighted average tenure, the Property features a diverse tenant mix tailored to serve the immediate community. Melbourne Plaza has a vast trade area pulling from over 20-miles, making it a coveted offering in the market place.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

273

LAND DETAILS

LAND ACRES

4.71 AC

LAND SF

205,300 SF

ZONING

-

APN/PARCEL ID

00619132,04853180,04853199

ASK ABOUT THIS PROPERTY

Ryan WestJLLMore Info
713-852-3535

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Ryan WestJLLMore Info
713-852-3535

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