1250 William D Tate AveGrapevine, TX 76051
For Sale
$10,453,225
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Multi-tenant retail strip in a prime Dallas-Fort Worth location, surrounded by national retailers including Target, Ross, Chick-fil-A, In-n-Out, and Walmart.
- Four of the five tenants are major national retailers with multi-billion dollar annual revenues.
- Significant upside potential for increased cash flow due to lease terms with built-in rent increases and options.
- Recent capital improvements exceeding hundreds of thousands of dollars, including parking lot repaving, new LED parking lot lighting, a new pylon sign, a new roof with a 15-year warranty (installed 2023), and fresh exterior paint.
- Located in the rapidly growing Dallas-Fort Worth MSA, experiencing significant job and population growth since 2020. Recent lease activity includes a new 10-year lease (with options) for Harbor Freight (opened March 2023) and lease extensions with Petco and Joann Fabrics.
- High visibility from Hwy 114 (115,000+ VPD) and William D Tate, with cross-access to a neighboring Target-anchored center, resulting in exposure to over 140,000 VPD. The property is situated in the Dallas-Fort Worth MSA, a top-3 US metro for business expansion, relocation, and employment growth; the largest MSA in Texas; the 4th largest in the US (8.1M+ residents); home to the largest concentration of Fortune 500 companies; averaging 100,000 new jobs annually; and the fastest-growing metro area in the US. Texas is an income tax-free state.
Property Details for 1250 William D Tate Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 85,421 SF
- Year Built/Renovated
- 1980/2022
- Buildings
- 1
- Lot Size (sq. ft)
- 285,754 SF
Location Insight
- City
- Grapevine
- County
- Tarrant
- State
- Texas
- Latitude
- 32.9284075
- Longitude
- -97.0879168
1250 William D Tate Ave, Grapevine, Texas
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