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8053 Grapevine Hwy
North Richland Hills, TX 76180

Central Plaza Shopping Center · Retail Property For Sale

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Investment Highlights

DENSE TRADE AREA -264,188 POPULATION WITHIN 5 MILES
1.0 MILES NORTH OF NEW CITY POINT PLANNED DEVELOPMENT, WHICH WILL HARBOR 310 SINGLE FAMILY HOMES AND 400 MULTIFAMILY RESIDENCES

SMALL SQUARE FOOTAGE OF SUITES MAKE FOR HIGHLY LEASABLE SPACE
1.1 MILE SOUTH OF 14-ACRE FAMILY ENTERTAINMENT DESTINATION THAT WILL ATTRACT HUNDREDS OF THOUSANDS OF UNIQUE VISITORS

Executive Summary

Value-Add center in an opportunity zone, fully leased.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

15,785 SF

Building Class

Year Built

1984

Price

£2,116,251

Price Per SF

£134

Net Initial Yield

7.50%

NOI

£158,719

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.25

Lot Size

1.43 AC

Zoning

Parking

67 Spaces (4.32 Spaces per 1,000 SF Leased)

Frontage

194 ft on Grapevine Hwy

Amenities

Dedicated Turn Lane

Pylon Sign

PROPERTY TAXES

Parcel Number	00549290	Improvements Assessment	£396,486
Land Assessment	£343,952	Total Assessment	£740,438

PROPERTY TAXES

Parcel Number

00549290

Land Assessment

£343,952

Improvements Assessment

£396,486

Total Assessment

£740,438

Listing ID: 30911746
Date on Market: 05/04/2023
Last Updated:
Address: 8053 Grapevine Hwy, North Richland Hills, TX 76180

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