For Sale
$8,484,266

7032 Blue Mound RdFort Worth, TX 76131

Fort Worth retail center, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 15,789-square-foot shopping center in Fort Worth, Texas, presents a compelling investment opportunity. Built in 2022, this fully stabilized, multi-tenant property boasts a 100% occupancy rate with seven tenants, including Jeremiah's Italian Ice, Wayback Burgers, Liquor Cave, Hoshi Ramen, Scenthound, Safe Splash Swim School, and Jamba Juice/Auntie Anne's. All leases are triple-net (NNN) with built-in rent increases, ensuring consistent year-over-year income growth. The property features attractive architecture, a concrete parking lot, and two end-cap suites with drive-through windows. Strategically located on 2.13 acres at 7032 N Blue Mound Rd, Fort Worth, TX 76131, near the intersection of Blue Mound Road and Basswood Boulevard, it benefits from excellent visibility and accessibility with multiple ingress and egress points. Daily traffic counts exceed 39,515 vehicles, further enhanced by the high traffic volume of approximately 143,000 vehicles per day on Blue Mound Road. The property is situated within a thriving retail corridor, adjacent to established businesses such as Burger King, Salad and Go, Brakes Plus, and AutoZone, and near a variety of national and regional retailers including Kroger, CVS, and many others. The area demonstrates strong demographics, with an average household income exceeding $97,000 within a three-mile radius and a population of approximately 259,437 residents within five miles. Future development plans in the area include a fitness center and Academy Sports + Outdoors, promising continued growth and increased property value. The asking price is $8,484,266, representing a 6.00% capitalization rate and a price per square foot of $537.35. The property's Net Operating Income (NOI) is $509,056. This is a rare opportunity to acquire a high-performing retail asset in a rapidly growing area of Fort Worth.

Highlights

  • Fully stabilized, 15,789-square-foot, multi-tenant retail center in Fort Worth, TX.
  • 100% leased; all leases are triple-net (NNN) with built-in rent increases.
  • Below-market rents.
  • Strong tenant base of internet-resistant and service-oriented businesses including Jeremiah's Italian Ice, Wayback Burgers, Liquor Cave, Hoshi Ramen, Scenthound, Safe Splash Swim School, and Jamba Juice/Auntie Anne's.
  • Both end-cap suites feature drive-through windows.
  • New (2022) construction with attractive architecture; located on Blue Mound Road, near Basswood Boulevard, with excellent visibility and access; daily traffic counts exceed 39,515 vehicles.

Property Details for 7032 Blue Mound Rd

Property type
Lifestyle centers, Power centers
Square Feet
15,789 SF
Year Built
2022
Lot Size (sq. ft)
92,783 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.868663337411
Longitude
-97.34125845676
7032 Blue Mound Rd, Fort Worth, Texas

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7032 Blue Mound Rd
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