7032 Blue Mound RdFort Worth, TX 76131

Property Details for 7032 Blue Mound Rd

Year built

2022

Lot size

2.13 AC

Property size (Sq ft)

11,645 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

44637B-1-4

APU

44637B14

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,243,537

  6.5%

  $2,994,034

  7%

  $2,780,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,390,210

  Geo Method

  $7,717,196

• Alternative Use

  Use

  Valuation

  Residential

  $2,525,580

  Hospitality

  $2,313,418

  Educational

  $1,924,736

  Medical

  $1,990,931

  Retail

  $2,994,034

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.8688

Longitude

-97.3406

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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