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Property profile & analytics
FOR LEASE
Strip malls

2900 Highway 121 Bedford, TX 76021

31,800 SF 3.1 ac lot Built 1986
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-4211157
Property summary
AI-generated overview

This thriving retail center, St. Michael's Shopping Center, presents a fantastic opportunity for businesses seeking high-visibility locations in Bedford, Texas. Located at 2900 Hwy 121, this property boasts a total of 32,717 square feet and offers multiple tenancy options. Currently, there are 4 spaces available, ranging from a minimum of 1,980 square feet to a maximum contiguous space of 3,000 square feet. A total of 4,980 square feet is currently vacant, providing flexibility for various retail concepts. The center is strategically situated at the intersection of State Highway 121 and Harwood Road, a high-traffic area with over 100,000 vehicles passing daily on Highway 121 alone, ensuring significant exposure for your business. This prime location in Tarrant County, Texas, zip code 76021, offers excellent accessibility and visibility, making it an ideal choice for businesses seeking to establish or expand their presence in a bustling retail environment. The property is classified as a storefront and strip center, providing ample space and visibility for a variety of retail uses. Contact us today to learn more about the available spaces and lease terms.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Total area 31,800 SF
Lot 3.1 ac (135,036 SF)
APN 17435-1-2A
UPID US83-4211157
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • State Farm Insurance Insurance Agency
  • Gordon Mcwatt Physician
  • Kumon Math and Reading Center of Bedford Training Center Tutoring Service
  • Phone Repair & iPad ,Tablets Computer & Electronic Repair Tech Support Center
  • Perfect nail bar Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$1.08M
Owner & transaction history
Tug Hill St. Michaels LP · 15 yrs held
Tug Hill St. Michaels LP
since 2011
3 recorded transactions
2011
Price N/A
2006
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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