2220 Handley Dr Fort Worth, TX 76112
- Lifestyle centers
- 6,860 SF
Current Use by Public Records
- Juicy's Soul Food Cafe / Lunch Restaurant / Takeout Restaurant
Property Details for 2220 Handley Dr
- Year built
- 1972
- Property size
- 6,860 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 6,860 square foot shopping center in Fort Worth, Texas, presents a compelling investment opportunity. Priced at $743,257, it boasts a strong 8.37% cap rate and a net operating income (NOI) of $62,228. The property, built in 1972 and situated on a sizable 33,323 square foot lot, offers ample parking. Recent improvements include renovated electrical units and newly installed HVAC systems. Located at the signalized intersection of Meadowbrook Drive and Handley Road, less than half a mile from I-820 (with over 61,000 vehicles per day), this center benefits from high visibility and convenient access. The tenant mix includes a diverse range of businesses, including Juicy's Soul Food, Titi Zakaria Ri, and Tropical Fish, shadow-anchored by Supreme Hair & Beauty. The area features strong demographics and a robust retail corridor with numerous national credit tenants such as CVS Pharmacy, Texaco, O'Reilly Auto Parts, McDonald's, Dollar General, Taco Bell, and Auto Zone. Current leases offer below-market rent, presenting significant upside potential for increased revenue. This is a gross lease property with multiple tenants. The asking price is $108.35 per square foot.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2164
- Latitude
- 32.7466
