1805 Owen CtMansfield, TX 76063

Property Details for 1805 Owen Ct

Year built

2008

Lot size

1.72 AC

Property size (Sq ft)

12,332 SF

Property type

Warehouses

APN

33679-1-4

APU

3367914

Description

This exceptional 11,944 square foot shopping center in Mansfield, Texas presents a compelling investment opportunity. Built in 2008, the single-story property sits on a 1.72-acre lot and boasts 100% occupancy with four tenants. The property enjoys a strong 7.00% capitalization rate, generating a net operating income (NOI) of $231,033, with an asking price of $3,300,475 ($276.33/sq ft). Located at 1805 Owen Ct, Mansfield, TX 76063, the center benefits from a high-traffic location off Owen Court and FM 1187, seeing over 15,000 vehicles daily and convenient access to HWY 287. The area demonstrates phenomenal demographics, with an average household income significantly above the national average at $117,949. The strong tenant base includes a major anchor tenant whose lease extends to 2027. Situated near national retailers such as Target, Home Depot, Sam's Club, Lowe's, Wendy's, Chili's, and Best Buy, this center benefits from a high-growth trade area with a population nearing 110,000 within a 5-mile radius. The staggered lease turnover provides future upside potential, and there's an opportunity to convert leases to a triple-net (NNN) structure, further enhancing returns. This property offers a rare combination of strong current performance and significant long-term growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $2,703,053

  Hospitality

  $2,475,982

  Educational

  $2,059,988

  Medical

  $2,130,834

  Retail

  $3,204,426

Location Insight

City

Mansfield

County

Tarrant

State

Texas

Latitude

32.5812

Longitude

-97.1791

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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