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Shopping Community

Hulen Pointe

6218 Hulen Bend Blvd, Fort Worth, TX 76132

Listing Price: $31,252,000

Cap Rate
7.00%
Gross SF
139,921
Rentable SF
139,921
Price/Gross SF
$223.35
Lot Size
9.98 acres
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 139,921-square-foot, multi-tenant community center located in Fort Worth, Texas. The center is currently 92 percent occupied, with 48 percent of the gross leasable area under triple-net leases, providing future upside potential. Anchored by a new 10-year lease with Amped Fitness, AW Outlet, and Dollar Tree, the tenant base is a complementary mix of largely internet-resistant businesses, including 3D Smokehouse, Marco's Pizza, Hulen Smiles, Dickie's BBQ, Barbershop, Octopharma Plasma, Glamor Wigs, Feng Cha, Amazing Nails, Army Navy, MaharaJa Indian Restaurant, Great Clips, OK Food Mart, Elegance Events, Massage, Jerusalem Market, Lash Supply, Cru Restaurant, and others. The buildings are situated on a large 9.98-acre parcel with ample paved parking, and a double-sided monument sign faces Hulen Street providing additional exposure to the center. Landlord reports a new roof was installed on all buildings in 2022 with a 20-year warranty.

Investment Highlights

  • 139,921-Square-Foot Community Center Located in a Prime Retail Trade Area of Fort Worth
  • Shadow-Anchored by a Top-Ranking Walmart | Drives 3 Million Visits Annually and Ranks in the 90th Percentile in the Nation Based on Traffic (Source: Placer.AI)
  • Value-Add Opportunity | 92% Occupied | 48% are Triple-Net Leases
  • Landlord Invested $2.5 Million on a New Roof over Entire Center in 2022 with a 20-Year Roof Warranty
  • Anchored by a New 10-Year Lease with Amped Fitness, AW Outlet, and Dollar Tree

Exclusively Listed By

Financing By

Shopping Community

Hulen Pointe

Listing Price: $31,252,000

Cap Rate
7.00%
Gross SF
139,921
Rentable SF
139,921
Price/Gross SF
$223.35
Lot Size
9.98 acres
Year Built
1985

Investment Highlights

  • 139,921-Square-Foot Community Center Located in a Prime Retail Trade Area of Fort Worth
  • Shadow-Anchored by a Top-Ranking Walmart | Drives 3 Million Visits Annually and Ranks in the 90th Percentile in the Nation Based on Traffic (Source: Placer.AI)
  • Value-Add Opportunity | 92% Occupied | 48% are Triple-Net Leases
  • Landlord Invested $2.5 Million on a New Roof over Entire Center in 2022 with a 20-Year Roof Warranty
  • Anchored by a New 10-Year Lease with Amped Fitness, AW Outlet, and Dollar Tree

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 139,921-square-foot, multi-tenant community center located in Fort Worth, Texas. The center is currently 92 percent occupied, with 48 percent of the gross leasable area under triple-net leases, providing future upside potential. Anchored by a new 10-year lease with Amped Fitness, AW Outlet, and Dollar Tree, the tenant base is a complementary mix of largely internet-resistant businesses, including 3D Smokehouse, Marco's Pizza, Hulen Smiles, Dickie's BBQ, Barbershop, Octopharma Plasma, Glamor Wigs, Feng Cha, Amazing Nails, Army Navy, MaharaJa Indian Restaurant, Great Clips, OK Food Mart, Elegance Events, Massage, Jerusalem Market, Lash Supply, Cru Restaurant, and others. The buildings are situated on a large 9.98-acre parcel with ample paved parking, and a double-sided monument sign faces Hulen Street providing additional exposure to the center. Landlord reports a new roof was installed on all buildings in 2022 with a 20-year warranty.

Exclusively Listed By

Financing By

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