1833 Airport Fwy Bedford, TX 76021
- Lifestyle centers
- 46,440 SF
- 3.96 lot acres
Current Use by Public Records
- Monster Wings, INC / Chicken Wings Restaurant
- Bourbon Street Bar & Grill Bedford / Bar & Grill
- Platinum Catering / Food And Beverage Consultant / Mobile Caterer
Property Details for 1833 Airport Fwy
- Year built
- 1984
- Lot size
- 3.96 lot acres
- Property size
- 46,440 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Bedford, Texas shopping center presents a compelling investment opportunity. The 46,440 square foot, Class B property, built in 1984, sits on a 3.96-acre lot and features 14 tenants with 95% occupancy, generating a strong NOI of $627,519 and a 7.5% cap rate. Priced at $8,366,920 ($180.17/sq ft), this multi-tenant, NNN-leased center boasts a new roof (July 2024), ample parking, and high visibility on Airport Fwy/Hwy 121, experiencing approximately 195,900 vehicles per day. Its strategic location in the DFW Metroplex, just 24 miles from Downtown Dallas and 16 miles from Downtown Fort Worth, offers unparalleled access and visibility. The property benefits from below-market average rents and is surrounded by numerous national retailers, including Texas Harley Davidson, Buffalo Wild Wings, Cheddar's, Starbucks, Albertsons, and a Walmart Neighborhood Market. Less than 10 miles from DFW International Airport, this asset provides a rare chance to acquire a thriving retail center in a highly desirable Texas location. The one-story building offers significant potential for rental growth and long-term appreciation. This is a prime opportunity for investors seeking a stable, high-performing commercial property in a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1386
- Latitude
- 32.8374
