9701 Harmon Rd - Storefront Retail/Office FOR SALE


Fort Worth, TX 76177- North Fort Worth
$7,943,000 USD
214-960-2835
9701 Harmon Rd, Fort Worth, TX for Sale
$7,943,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 6.2% Cap Rate

9701 Harmon Rd
Fort Worth, TX 76177
North Fort Worth


HIGHLIGHTS

  • 17,708 SF, 100% Leased, 2018 Construction Three-Tenant Retail Asset Led by WellMed in Fort Worth, TX
  • Dense Retail Trade Area with 3.7MM+ SF of Retail GLA in a 2-Mile Radius with an Additional 109,000+ SF Under Construction
  • Average Household Income Exceeds $133,600 & $139,200 in a 1- & 3-Mile Radii, Respectively
  • Below Market Average Rent of only $27.81 PSF NNN
  • Positioned Between U.S. Highway 287 & Interstate 35W; 157,500+ Combined VPD
  • 3.42 +/- Acre Site, Partial Masonry Construction, 100+ Parking Spaces, 2-Sided Monument Sign, 2 Ingress/Egress Points Along Harmon Road

OVERVIEW

WellMed 3-Tenant is a 17,708 square foot, three-tenant retail asset situated on +/- 3.42 acres in the high-growth northern submarket of Fort Worth, Texas (DFW). The Property is approximately 20 minutes from Dallas Fort Worth International Airport and 35 minutes from downtown Dallas. WellMed 3-Tenant is 100% leased to a complementary mix of dentistry, bakery, and health tenants including Bella Smiles Dentistry, Terry’s Donuts, and WellMed, with an average base lease term expiration of August 2029. Rents average $27.81 PSF NNN, which are at or below market for comparable new construction retail space leasing in the $30s to $40’s NNN, creating an opportunity for rent growth over time. Over 3.7 million square feet of retail GLA exists in a 2-mile radius of the Property, with adjacent users including CVS Pharmacy, HEB, Costco Wholesale, Target Supercenter, Ross Dress for Less, Best Buy, Kroger Marketplace, and Aldi amongst others. Positioned between 4+ residential neighborhoods and between Interstate 35W and Highway 287, WellMed 3-Tenant benefits from daily traffic with two ingress/egress points along Harmon Road and ample parking (100+ parking spaces).

FOR SALE DETAILS

PRICE

$7,943,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WellMed 3-Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.42 AC

LAND SF

148,871 SF

ZONING

-

APN/PARCEL ID

42298596

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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