2220 Handley DrFort Worth, TX 76112

Property Details for 2220 Handley Dr

Year built

1972

Property size (Sq ft)

6,860 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 6,860 square foot shopping center in Fort Worth, Texas, presents a compelling investment opportunity. Priced at $743,257, it boasts a strong 8.37% cap rate and a net operating income (NOI) of $62,228. The property, built in 1972 and situated on a sizable 33,323 square foot lot, offers ample parking. Recent improvements include renovated electrical units and newly installed HVAC systems. Located at the signalized intersection of Meadowbrook Drive and Handley Road, less than half a mile from I-820 (with over 61,000 vehicles per day), this center benefits from high visibility and convenient access. The tenant mix includes a diverse range of businesses, including Juicy's Soul Food, Titi Zakaria Ri, and Tropical Fish, shadow-anchored by Supreme Hair & Beauty. The area features strong demographics and a robust retail corridor with numerous national credit tenants such as CVS Pharmacy, Texaco, O'Reilly Auto Parts, McDonald's, Dollar General, Taco Bell, and Auto Zone. Current leases offer below-market rent, presenting significant upside potential for increased revenue. This is a gross lease property with multiple tenants. The asking price is $108.35 per square foot.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7466

Longitude

-97.2164

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].