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4854 White Settlement Rd
Fort Worth, TX 76114

Retail Property For Sale

Investment Highlights

  • Irreplaceable location situated at the high-visibility corner of White Settlement Road and Merritt Street in Fort Worth’s vibrant River District
  • Complementary mix of tenants that include both national and local tenancy
  • Strategic positioning along White Settlement Road, the main east-west artery in Fort Worth, provides significant traffic to River District Plaza
  • The Property boasts a fantastic stabilized revenue stream with the ability to push rents on 30.35% of the center within the first 24 months
  • Manageable size and price point – perfect for smaller 1031 investors seeking infill assets within high-barrier and high-growth markets.
  • Retail Portfolio Opportunity: Option to acquire the adjacent Class A STNL Retail Building at 4900 White Settlement Rd (contact broker for details).

Executive Summary

DB2RE Investment Sales is pleased to present River District Plaza (“The Property”) - a 5,140 SF Class A three (3) tenant retail strip center that is fully occupied. This Property is strategically located on 0.43 acres of MU-1 zoned land at the hard NEC of White Settlement Road and Merritt Street, the primary intersection within the coveted River District. Constructed in 2020, the property features a sleek modern design and a mix of national and local tenants, all on NNN leases. Both Wingstop and Rustic on the River (comprising 69.64% of the Property) provide new ownership an average of 9.5 years of term at an average rent of $31.32 PSF, including annual rent escalations to hedge against inflation. There’s No Place Like Home Furniture (30.50% of the Property) expires in February 2026 with a below market rental rate of $20.26 PSF, providing a rare value-add component.
The Property’s strategic infill location and White Settlement frontage benefits from significant and consistent vehicle traffic due to nearby surrounding multi-family and residential communities, schools (+/- 2,454 students) and major employers (Lockheed Martin - +/- 16,400 employees and the Naval Air Station Joint Reserve Base - +/- 11,400 personnel). More importantly, River District Plaza’s proximity to the wealthiest neighborhoods and access to key attractions such as: Downtown Fort Worth and the Cultural District, among many others, culminate to make the River District one of the top live, work and play destinations in the DFW Metroplex. Exceptional demographics surrounding the Property include over 83,850 residents within a three-mile radius and 247,940 within five miles. Household incomes within the same respective trade range are an exceptional $103,680 and $99,910. Prospective investors not only have the ability to gain access to the high-growth and high-barrier River District market, an irreplaceable core asset, but will enjoy a fantastic stabilized revenue stream with significant upside potential within the first 24 months.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,920 SF
Building Class
B
Year Built
2020
Price
$2,395,520
Price Per SF
$405
Cap Rate
6%
NOI
$143,731
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
MU-1 -Low Intensity Mixed - MU-1 -Low Intensity Mixed-Use
Frontage
250 FT on White Settlement Road

Amenities

  • 24 Hour Access
  • Corner Lot
  • Courtyard
  • Dedicated Turn Lane
  • Restaurant
  • Signage
  • Balcony
  • Listing ID: 34331400

  • Date on Market: 12/31/2024

  • Last Updated:

  • Address: 4854 White Settlement Rd, Fort Worth, TX 76114

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