175,153 SF Community Center For
For Sale
Contact for pricing
6218 Hulen Bend Blvd, Fort Worth, TX 76132
Multi-tenant community center in Fort Worth, Texas. 94% occupied.
Property Size175,153 SF
Lot Size13.80 Acres
Price / SF$178.43
Days on Market209
Property Features for 6218 Hulen Bend Blvd
General Information
Standard status
Active
Size
175,153 SF
Lot size
13.80 Acres
Property subtype
Retail
Occupancy
90%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$2,215,610
Building Details
Year Built
1985
Year Renovated
2016
Units
36
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5225
Listed By:
Philip Levy · License #TX 522087
Source:
Crexi
Added: Jan 26
Changed: Aug 15
Last Checked: Aug 20 at 10:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This 175,153-square-foot, multi-tenant community center is located in Fort Worth, Texas. The center is 94 percent occupied, with 59 percent of the gross leasable area under triple-net leases. Anchored by a new 10-year lease with Amped Fitness AMC Theaters, and AW Outlet, the tenant base includes Dollar Tree, 3D Smokehouse, Marco's Pizza, Hulen Smiles, Dickie's BBQ, Barbershop, Octopharma Plasma, Glamor Wigs, Feng Cha, Amazing Nails, Army Navy, MaharaJa Indian Restaurant, Great Clips, OK Food Mart, Elegance Events, Massage, Jerusalem Market, Lash Supply, and Cru Restaurant. The buildings are situated on two parcels totaling 13.8 acres with ample paved parking. A double-sided monument sign faces Hulen Street. A new roof was installed on all buildings in 2022 with a 20-year warranty. Hulen Pointe is located on Hulen Bend Boulevard at the signalized intersection with South Hulen Street less than a mile from Chisholm Trail Parkway. Traffic counts exceed 65,177 vehicles per day. It is in close proximity to Hulen Mall, which features more than 127 specialty shops and stores and is anchored by Macy's and Dillard's. The center is located in a dense retail trade area, neighbored by Haverty's Furniture, Fitness Connection, Mardel Christian & Education, ALDI, AutoZone Auto Parts, Half Price Books, Floor & Decor, Men's Wearhouse, Guitar Center, Uptown Cheapskate, Total Wine & More, and Hobby Lobby. The property is positioned to serve a residential area with a population exceeding 262,497 residents within a five-mile radius, and an average household income of $93,147 within a three-mile radius, and $90,462 within a five-mile radius.
Key Highlights
- 94% Occupancy Rate with Future Upside Potential
- Anchored by New 10‑Year Leases from Amped Fitness, AMC Theaters, and AW Outlet
- Strong Tenant Mix ensures consistent traffic and revenue streams
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,815,334
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$56,306,680
$56.3M
Cap Rate 7%
$40,219,057
$40.2M
Cap Rate 9%
$31,281,489
$31.3M
Market Conditions
NOI Build-Up for 175,153 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$4.22M $24.12/SF
− Vacancy
−$202.8K −$1.16/SF
EGI
$4.02M $22.96/SF
− OpEx
−$1.21M −$6.89/SF
NOI
$2.82M $16.07/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$56,306,680
Cap Rate 7%
$40,219,057
Cap Rate 9%
$31,281,489
Alternative Uses
Best Use
Retail
$40.22M
$35.19M – $46.92M
NOI $2,815,334 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$63.63M
$55.67M – $74.23M
NOI $4,453,790 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76132, TX
26,249
Population
13,906
Households
1.9
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
3,547
Density / Sq Mi
$67,017
Median Household Income
$42,579
Median Earnings
$1,354
Median Rent
$401,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant community center in Fort Worth, Texas. 94% occupied.
Where is this shopping center located?
The property is located at 6218 Hulen Bend Blvd Fort Worth, TX.
What is the asking price?
The asking price for this property is $31,252,000.
What are key features of this property?
This property features: 94% Occupancy Rate with Future Upside Potential; Anchored by New 10‑Year Leases from Amped Fitness, AMC Theaters, and AW Outlet; Strong Tenant Mix ensures consistent traffic and revenue streams
