5018 Hulen StFort Worth, TX 76132

For Sale
Call for price

Fort Worth retail center, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 103,251-square-foot, three-tenant shopping center in Fort Worth, Texas. The property boasts a prime location on South Hulen Street, near the intersection of Overton Ridge Boulevard and south of Interstate 20, experiencing daily traffic counts exceeding 40,965 vehicles. Anchored by a high-performing Hobby Lobby, consistently ranking in the top 83rd percentile nationally, this tenant has occupied the space for over 23 years. A newly signed 10-year lease with Family Thrift Center secures long-term stability. A separately parceled pad site leased to Metro by T-Mobile offers additional income potential. All leases are triple-net, featuring renewal options with built-in rent increases. The center sits on 8.46 acres with ample parking and a double-sided monument sign for enhanced visibility. This thriving retail location benefits from its proximity to Hulen Mall, a major shopping destination with over 127 stores, and numerous other national retailers including Michaels, Old Navy, and Walmart. The surrounding area is densely populated, with over 281,598 residents within a five-mile radius and an average household income exceeding $92,628 within the same area. Built in 1978, this stabilized investment offers significant potential for long-term growth and return. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment opportunity in a dynamic Fort Worth market. The property is approximately four miles from Texas Christian University and seven miles from downtown Fort Worth.

Highlights

  • 103,250-square-foot, three-tenant shopping center in a prime Fort Worth location.
  • Strong tenant base with 100% national and regional tenants; all leases are triple-net.
  • Anchored by a top-performing Hobby Lobby (83rd percentile nationally) with a 23+ year history at this location.
  • New 10-year lease with Family Thrift Center.
  • Includes a separately parceled pad site leased to Metro by T-Mobile.
  • Below-market rents offer upside potential.

Property Details for 5018 Hulen St

Property type
Lifestyle centers, Power centers
Square Feet
103,251 SF
Year Built
1978
Lot Size (sq. ft)
368,518 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.674169060307
Longitude
-97.399819291271
5018 Hulen St, Fort Worth, Texas

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5018 Hulen St
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