6700 Denton Hwy, Watauga, TX 76148-1905
Greenfield Plaza, located at 6700 Denton Hwy in Watauga, Texas, 76148, presents a compelling retail investment opportunity. This single-story, 1980-built center sits on 2.45 acres and boasts a prime location at the highly visible, signalized intersection of Denton Highway and Chapman Road, experiencing over 106,000 vehicles per day. The property's strategic position between Loop 820 and North Tarrant Parkway, key area thoroughfares, further enhances its accessibility and visibility. Currently, three spaces are available, ranging from 1,650 to 5,990 square feet, offering flexibility for various retail or office uses. The center features a dedicated turn lane and ample parking. Previous tenants include a spa/salon, fitness center, and a staffing agency, leaving behind adaptable spaces with existing build-outs. The property is zoned LB and benefits from a strong neighborhood-focused tenant mix, including services, dining, and pet services, catering to a dense residential area. The property's CoStar rating is 3 stars, and the motivated ownership offers affordable rent and NNN expenses compared to the surrounding area. Two rear restrooms and individual suite access add to the convenience. High traffic counts (39,000+ VPD in 2020) underscore the property's potential. This is an exceptional opportunity to acquire a well-located retail center in a thriving Tarrant County market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.