8053 Grapevine Hwy | North Richland Hills, TX 76180
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8053 Grapevine Hwy
North Richland Hills, TX 76180
Central Plaza Shopping Center · Retail Property For Sale
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
C
Year Built
1984
Price
$2,686,620
Price Per SF
$170
Cap Rate
7.50%
NOI
$201,497
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.43 AC
Zoning
F1
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 | $503,347 |
| Land Assessment | $436,653 | Total Assessment | $940,000 |
PROPERTY TAXES
Parcel Number
00549290
Land Assessment
$436,653
Improvements Assessment
$503,347
Total Assessment
$940,000
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