Investment Overview

Newport Business Park is comprised of four multi-tenant buildings totaling 16,356 square feet of gross leasable area, located in a densely populated area of Mansfield, Texas. The center is currently 100 percent leased with a mix of triple-net and modified gross leases, providing upside potential to a future investor. The tenant base is a complementary mix of medical, office, and retail businesses, including SIG Insurance, Cruise Financial, Hillside Counseling, Affordable Mortgage Advisors, Corptek, Healing Hope, DNP Wellness Clinic, Biltmore Financial, CGB Management, Packard Building Service, Thomas Dawson, DDS, Le De Hab Learning Center, and JAG Home Health. The buildings are newer (2020) Class 'A' construction with an attractive architectural design. A double-sided monument sign at the entrance provides additional exposure to the center. The subject property is located off U.S. Highway 287 and benefits from excellent freeway visibility with high traffic counts of 71,800 vehicles per day. National and regional retailers in close proximity include Walmart Supercenter, Metro by T-Mobile, Discount Tire, Tom Thumb, Starbucks, The UPS Store, Texas Roadhouse, T.J. Maxx, Academy Sports + Outdoors, McAlister's Deli, At Home, Torchy's Taco, Fieldhouse USA Mansfield, Cold Stone Creamery, Flix Brewhouse, Hobby Lobby, a brand new H-E-B grocery store, and many more. The subject property is also in close proximity to multiple hotels providing additional traffic to the area. The surrounding area benefits from excellent demographics, serving a population of more than 159,507 residents within a five-mile radius. The average household income is $120,942 within one mile; $120,513 within three miles; and $120,622 within five miles.