2101 Handley Ederville Rd Fort Worth, TX 76118
- Strip malls
- 11,245 SF
- 1.11 lot acres
Current Use by Public Records
- Strip malls
Property Details for 2101 Handley Ederville Rd
- Year built
- 2015
- Lot size
- 1.11 lot acres
- Property size
- 11,245 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 34493-10-1
- APU
- 34493101
Description
This exceptional retail investment property, located at 2101 Handley Ederville Rd in Fort Worth, Texas, presents a compelling opportunity. The 11,310 square foot building, constructed in 2015, sits on a 1.03-acre lot zoned C-1. Currently 100% occupied by two tenants (a daycare and restaurant) under a triple-net (NNN) lease, the property boasts a strong 7.23% cap rate based on a net operating income (NOI) of $124,753. The lease terms are favorable, with a remaining term of approximately 2.2 years (commencing February 15, 2024 and expiring February 14, 2027). Pro forma projections indicate a potentially higher 8.67% cap rate and a NOI of $149,518, reflecting significant upside potential. The asking price is $1,725,000, translating to $152.52 per square foot. This property is ideally situated amidst major office and flex industrial areas, and north of a substantial residential zone in Tarrant County, zip code 76118. The property is well-maintained and offers a secure investment with long-term tenants. This is a 1031 exchange eligible opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2218
- Latitude
- 32.7892
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
