6091 Precinct Line Rdg, North Richland Hills, TX 76180
86,584 SF | Retail Building | North Richland Hills, TX 76180 | $8,040,000 ($93/SF) | 5% Cap Rate
For Sale
Active
4 pictures
Asking Price $8,040,000
- Property Type
-
Retail
- Square Feet
- 86,584 SF
- Price / Square Foot
- $93
Listing Contacts
Zeb Ripple
Chris Kostanecki
Jack Navarra
Trevor Morse
Property Overview
Recently extended ground lease with publicly traded company in tax free state. The offering includes a buildable pad that has been separately parceled (Contact broker for more details). Attractive 26% rent increase in the first option. Excellent visibility at the hard corner of Precinct Line Road and Grapevine Highway with combined traffic counts of 53,248 VPD. Anchor to a daily needs shopping center, that is under new ownership, which has seen significant leasing momentum.
Property Details
- Class
- B
- Year Built
- 2001
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 345,866 SF
Highlights
- Anchor to a daily needs shopping center that is under new ownership and has seen significant leasing momentum
- Well below market rent of $4.64 / sf
- Kohl’s has been at this location since 1999, and recently executed an early lease extension through January 2032, displaying a long term commitment to
- The tenant has four 5-year extension options with scheduled rental increases at the start of each option, including a 26% increase in its next option
- According to Placer.ai, the subject property is in the 72nd percentile in terms of annual visitors to Kohl’s locations within the state of Texas
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].