1234 Fm 407 Northlake, TX 76226
Northlake Commons offers a unique opportunity for retail tenants seeking a presence in the rapidly growing Northlake, Texas market. This Class A retail center, built in 2021, boasts a total of 10,222 square feet, currently featuring 8,516 square feet of available space divisible to a minimum of 1,700 square feet and up to the entire 10,222 square feet contiguous. The property is strategically located at 1234 FM 407 #300, Northlake, TX 76226, in Denton County, providing convenient access to major thoroughfares including I-35W, I-35E, Hwy 114, and 1171. Northlake Commons is anchored by the Town of Northlake municipal offices and police department, ensuring high visibility and foot traffic. The center serves the thriving communities of Robson Ranch, Harvest, and Pecan Acres, experiencing significant residential growth with over 125 homes sold monthly. This presents a remarkable opportunity for businesses to capitalize on the underserved market and cater to the needs of these expanding communities. Each tenant enjoys exclusivity within their respective business category, ensuring a competitive advantage. Lease terms are available starting at seven years. The property consists of four total suites.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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