Keller Retail for Sale - Westlake/Grapevine
NAI CAPITAL COMMERCIAL, INC. AND LEGACY PROPERTY ADVISORS, as the exclusive advisors to Owner, are pleased to present for review the pricing and analysis for Keller Commons in Keller, Texas, a 29,792-square-foot retail center shadow anchored by Walmart Neighborhood Market. The property is currently 89.4% occupied by a performing tenant mix that includes Jeremiah’s Italian Ice, Lupe’s Tex-Mex Grill, CJ’s Salon Suites & Spa, Burn Boot Camp, and Superior Urgent Care. This rare offer delivers stable, in-place rental revenue with significant long-term growth potential, ideal for investors seeking to enter or expand in the DFW.
Keller is known for its high quality of life, top-rated schools, and convenient location within the Dallas-Fort Worth area. Dallas-Fort Worth International (DFW), Dallas Love Field (DAL), and Fort Worth Alliance (FWA) Airports are within convenient proximity. The local business climate makes Keller a strong option for both business expansion and relocation because of its skilled workforce, supportive business environment, and vibrant economy. Looking within just 3 miles of Keller Commons, the area is home to an affluent population of more than 118,000 with an average household income that sits above $144,000. This valuable customer base delivers more than $1.6 billion in annual consumer spending, driving success for local retail establishments.
Looking at the broader Watauga/Keller/NRH Submarket, premium retail spaces are a rarity, with vacancies currently sitting at just 6.2%. This competitive environment has created stable rent growth, with retail rates up 1.9% over the past 12 months and growth averaging 4.3% annually over the past five years. Investors will be able to capitalize on these trends when looking to renew rates or re-tenant the property to capture increased returns.
The Dallas-Fort Worth (DFW) economy is one of the most dynamic in the US, driven by its strong business climate, strong population growth, and economic diversification. The region is the 4th largest market with 8.3 million residents across 13 counties and has consistently ranked among national leaders for population gains. Since 2010, the market has grown 27%. Thanks to the region’s low cost of doing business and highly skilled labor force, companies have relocated or expanded operations across diverse sectors, including energy, real estate, healthcare, and logistics. As a result, 24 Fortune 500 company headquarters are in the region, including Texas Instruments, AT&T, American Airlines, Kimberly-Clark, Toyota, and McKesson.