6249 Alta Mesa BlvdFort Worth, TX 76132

For Sale
$6,000,000
High-growth area, 100% leased, 11,228 SF.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a 11,228-square-foot, multi-tenant retail center in Fort Worth, Texas. Located within the thriving Tavolo Park mixed-use development, this 2023-constructed property boasts 100% occupancy with five tenants, a mix of national, regional, and local businesses. All tenants are under triple-net leases with built-in rent escalations, ensuring consistent year-over-year income growth. Current average rents are below market, offering significant upside potential. The attractive architectural design includes a drive-thru window at the end-cap suite. Situated on a 1.35-acre lot, the center benefits from high traffic counts exceeding 14,054 vehicles daily on Altamesa Boulevard, with convenient access to Chisholm Trail Parkway. The property's strategic location within Tavolo Park, a master-planned community, provides access to a large and affluent population base. Within a five-mile radius, the population is 194,886 residents, with an average household income exceeding $95,000. This property offers a compelling combination of strong current performance and significant future growth potential. The asking price is $6,000,000, representing a 6.25% cap rate and a NOI of $374,762. The property is less than a mile from Chisholm Trail Parkway and approximately 1.5 miles south of Texas Health Harris Methodist Hospital. Close proximity to Shops at Chisholm Trail Ranch further enhances its appeal.

Highlights

  • 11,228-square-foot multi-tenant retail center in high-growth Fort Worth, Texas.
  • Located in Tavolo Park, a master-planned community with residential, medical, and hospitality components.
  • 100% leased with triple-net (NNN) leases including rent escalations.
  • Tenants are a mix of national, regional, and local businesses.
  • Below-market rents.
  • 2023 construction with attractive design; one tenant features a drive-thru.

Property Details for 6249 Alta Mesa Blvd

Property type
Lifestyle centers, Power centers
Square Feet
11,228 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
58,806 SF
Units
5

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.64596920037
Longitude
-97.426320111936
6249 Alta Mesa Blvd, Fort Worth, Texas

FAQs

What type of property is this?
Lifestyle center - High-growth area, 100% leased, 11,228 SF.
Where is the lifestyle center located?
The property is located at 6249 Alta Mesa Blvd Fort Worth, TX.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 11,228-square-foot multi-tenant retail center in high-growth Fort Worth, Texas.; Located in Tavolo Park, a master-planned community with residential, medical, and hospitality components.; 100% leased with triple-net (NNN) leases including rent escalations.
How can I contact the broker?
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6249 Alta Mesa Blvd
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