Precinct Village Shopping
For Sale
Contact for pricing
8245 PRECINCT LINE RD, North Richland Hills, TX 76182
Fully occupied shopping center with NNN expense reimbursement and a 4.03-year weighted lease term.
Property Size32,074 SF
Days on Market84
Property Features for 8245 PRECINCT LINE RD
General Information
Standard status
Active
Size
32,074 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$708,181
Additional Details
Anchor Co-Tenants
Walmart Supercenter, Target Superstore
Building Details
Year Built
2003
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
CBRE Dallas Park Lane
Listed By:
Michael Austry · License #TX 609364
Source:
Crexi
Added: Jun 8
Changed: Aug 29
Last Checked: Aug 29 at 3:11PM
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 CBRE Dallas Park Lane
Investment Insights
Based on property information with market context.
Precinct Village is a 32,074-square-foot shopping center built in 2003 at 8245 Precinct Line Rd in North Richland Hills, TX. The property is fully occupied and operates under an NNN expense structure that reimburses operating expenses.
The center has a 4.03-year weighted average lease term remaining. Five tenants have FMV renewal options, while six tenants have no remaining options, creating different lease rollover profiles across the tenant roster.
The property benefits from nearby Walmart Supercenter and Target Superstore traffic, reported at 1.8 million and 1.2 million annual visits, respectively. Its tenant mix includes experiential, service, and daily-needs businesses.
The center has a 4.03-year weighted average lease term remaining. Five tenants have FMV renewal options, while six tenants have no remaining options, creating different lease rollover profiles across the tenant roster.
The property benefits from nearby Walmart Supercenter and Target Superstore traffic, reported at 1.8 million and 1.2 million annual visits, respectively. Its tenant mix includes experiential, service, and daily-needs businesses.
Key Highlights
- 32,074‑square‑foot shopping center built in 2003
- 100% occupied with NNN expense reimbursement
- 4.03‑year weighted average lease term remaining
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
412k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Dining 24%
Groceries 16%
Shops & Services 15%
Walmart
Superstores
89,641 visits/mo
0.1 miles
Target
Superstores
84,424 visits/mo
0.1 miles
Kroger
Groceries
46,370 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
15,476 visits/mo
0.3 miles
McDonald's
Dining
13,211 visits/mo
0.3 miles
Demographics for 76182, TX
31,117
Population
11,845
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
8.7 sq mi
ZIP Area
3,577
Density / Sq Mi
$119,722
Median Household Income
$60,589
Median Earnings
$1,821
Median Rent
$364,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied shopping center with NNN expense reimbursement and a 4.03-year weighted lease term.
Where is this shopping center located?
The property is located at 8245 PRECINCT LINE RD North Richland Hills, TX.
What are key features of this property?
This property features: 32,074‑square‑foot shopping center built in 2003; 100% occupied with NNN expense reimbursement; 4.03‑year weighted average lease term remaining
