1833 Airport FwyBedford, TX 76021

Property Details for 1833 Airport Fwy

Year built

1984

Lot size

3.96 AC

Property size (Sq ft)

46,440 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Bedford, Texas shopping center presents a compelling investment opportunity. The 46,440 square foot, Class B property, built in 1984, sits on a 3.96-acre lot and features 14 tenants with 95% occupancy, generating a strong NOI of $627,519 and a 7.5% cap rate. Priced at $8,366,920 ($180.17/sq ft), this multi-tenant, NNN-leased center boasts a new roof (July 2024), ample parking, and high visibility on Airport Fwy/Hwy 121, experiencing approximately 195,900 vehicles per day. Its strategic location in the DFW Metroplex, just 24 miles from Downtown Dallas and 16 miles from Downtown Fort Worth, offers unparalleled access and visibility. The property benefits from below-market average rents and is surrounded by numerous national retailers, including Texas Harley Davidson, Buffalo Wild Wings, Cheddar's, Starbucks, Albertsons, and a Walmart Neighborhood Market. Less than 10 miles from DFW International Airport, this asset provides a rare chance to acquire a thriving retail center in a highly desirable Texas location. The one-story building offers significant potential for rental growth and long-term appreciation. This is a prime opportunity for investors seeking a stable, high-performing commercial property in a rapidly growing market.

Location Insight

City

Bedford

County

Tarrant

State

Texas

Latitude

32.8374

Longitude

-97.1386

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