Log In/Sign Up
Your email has been sent.
8053 Grapevine Hwy
North Richland Hills, TX 76180
Central Plaza Shopping Center · Retail Property For Sale
Investment Highlights
- Fully leased 15,785 SF retail center
- Dense trade area: 264,188 residents within 5 miles
- Close proximity to major retail and entertainment developments
- High-visibility frontage on Grapevine Hwy
- Internet-resistant, service-oriented tenants
- 67 parking spaces | 4.24:1,000 ratio
Executive Summary
Structure Commercial is pleased to present Central Plaza Shopping Center, a fully leased, 15,785 SF retail strip center located on Grapevine Hwy in North Richland Hills, TX. This value-add investment opportunity features 100% occupancy with small shop tenants and 194’ of frontage just south of a signalized intersection.
With a dense trade area of 264,188 residents within 5 miles, Central Plaza offers strong leasing demand and high-visibility retail space in a thriving commercial corridor. The flexible property layout and city-supported revitalization initiatives make this an ideal investment for long-term appreciation and rent growth.
With a dense trade area of 264,188 residents within 5 miles, Central Plaza offers strong leasing demand and high-visibility retail space in a thriving commercial corridor. The flexible property layout and city-supported revitalization initiatives make this an ideal investment for long-term appreciation and rent growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,785 SF
Building Class
C
Year Built
1984
Price
$3,663,448 CAD
Price Per SF
$232.08 CAD
Cap Rate
7.50%
NOI
$274,759 CAD
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.43 AC
Zoning
F1 - for lease
Parking
67 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
194’ on Grapevine Hwy
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 00549290 | Improvements Assessment | $798,194 CAD |
| Land Assessment | $597,472 CAD | Total Assessment | $1,395,666 CAD |
Property Taxes
Parcel Number
00549290
Land Assessment
$597,472 CAD
Improvements Assessment
$798,194 CAD
Total Assessment
$1,395,666 CAD
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
