Six-Suite Retail
9143 Grapevine Hwy, North Richland Hills, TX 76180
For Sale
Contact for pricing
All suites are leased to restaurant, dessert, and personal-care businesses under triple-net terms.
Property Size14,268 SF
Lot Size2.09 Acres
Price / SF$389.47
Days on Market12
Property Features for 9143 Grapevine Hwy
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Site & Location
Neighborhood
Traffic Count
Road Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Brookline Real Estate
Listed By:
Dominick Cannata · License #IL 00000
(630) 886-4408
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 4:42PM
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 Brookline Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14,268-square-foot retail center contains six suites and is fully leased. Occupants include restaurant, dessert, and personal-care businesses. The leases are structured on a triple-net basis, with four providing annual rent increases of 2% to 3%. Weighted average lease term is 7.3 years by base rent. McAlister’s Deli has a lease extending through March 2037, Barrel & Bones through December 2035, and Milan Laser through November 2030. McAlister’s has operated at the property since 2011.
The 2.09-acre property is an outparcel to The Crossing, a shopping center anchored by Kroger and Kohl’s. It sits at Grapevine Highway and Precinct Line Road, which carry 24,300 and 33,600 vehicles per day, respectively. The site has three access points.
The 2.09-acre property is an outparcel to The Crossing, a shopping center anchored by Kroger and Kohl’s. It sits at Grapevine Highway and Precinct Line Road, which carry 24,300 and 33,600 vehicles per day, respectively. The site has three access points.
Key Highlights
- 14,268‑square‑foot retail center on 2.09 acres
- All six suites are leased to restaurant, dessert, and personal‑care businesses
- Four leases include annual increases of 2% to 3%; weighted average lease term is 7.3 years by base rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$236,826
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,736,520
$4.7M
Cap Rate 7%
$3,383,229
$3.4M
Cap Rate 9%
$2,631,400
$2.6M
Market Conditions
NOI Build-Up for 14,268 SF
Gross rent
$356.1K $24.96/SF
− Vacancy
−$17.8K −$1.25/SF
EGI
$338.3K $23.71/SF
− OpEx
−$101.5K −$7.11/SF
NOI
$236.8K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,736,520
Cap Rate 7%
$3,383,229
Cap Rate 9%
$2,631,400
Alternative Uses
Best Use
Retail
$3.38M
$2.96M – $3.95M
NOI $236,826 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.02M
$4.39M – $5.86M
NOI $351,335 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24,300 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76180, TX
37,087
Population
16,138
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
3,988
Density / Sq Mi
$78,688
Median Household Income
$42,984
Median Earnings
$1,553
Median Rent
$286,700
Median Home Value
Market
Properties on Market for Shopping centers in Tarrant County
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - All suites are leased to restaurant, dessert, and personal-care businesses under triple-net terms.
Where is this shopping center located?
The property is located at 9143 Grapevine Hwy North Richland Hills, TX.
What is the asking price?
The asking price for this property is $5,557,000.
What are key features of this property?
This property features: 14,268‑square‑foot retail center on 2.09 acres; All six suites are leased to restaurant, dessert, and personal‑care businesses; Four leases include annual increases of 2% to 3%; weighted average lease term is 7.3 years by base rent
