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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
$3,695,768 CAD
Price Per SF
$234.13 CAD
Cap Rate
7.50%
NOI
$277,183 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 | $802,464 CAD |
| Land Assessment | $600,669 CAD | Total Assessment | $1,403,132 CAD |
PROPERTY TAXES
Parcel Number
00549290
Land Assessment
$600,669 CAD
Improvements Assessment
$802,464 CAD
Total Assessment
$1,403,132 CAD
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