7901 Mid Cities BlvdNorth Richland Hills, TX 76180

Property Details for 7901 Mid Cities Blvd

Year built

2007

Lot size

2.49 AC

Property size (Sq ft)

31,350 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

39120----H---15R1BT1

APU

39120H15R1BT1

Description

Citi Square Shopping Center presents a compelling retail investment opportunity in the thriving North Richland Hills submarket of Tarrant County. This neighborhood center boasts a total of 31,472 square feet across eight individual suites, offering a diverse range of tenancy options. Currently, there are two available spaces totaling 1,628 square feet, with additional space potentially available up to 14,150 square feet. The property enjoys a highly visible location at the northeast corner of Mid Cities Boulevard and Smithfield Road, ensuring excellent exposure to a substantial daily traffic volume. This prime location provides easy access for customers and contributes to strong tenant occupancy. The center's design and layout are conducive to a variety of retail businesses, making it an attractive option for both established brands and emerging entrepreneurs. The available spaces offer a unique chance to establish a presence in a well-established and successful shopping center, benefiting from existing tenant synergy and a built-in customer base. The property's strategic location and ample space make it an ideal investment for those seeking a strong return on investment in a vibrant and growing community. Detailed floor plans and lease terms are available upon request. This is a rare opportunity to acquire a piece of a successful retail center in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $8,732,063

  6.5%

  $8,060,366

  7%

  $7,484,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,126,929

  Geo Method

  $20,770,934

• Alternative Use

  Use

  Valuation

  Residential

  $6,799,220

  Hospitality

  $6,228,050

  Educational

  $5,181,664

  Medical

  $5,359,870

  Retail

  $8,060,366

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.8625

Longitude

-97.2098

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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