Multi-Tenant    

Richland Centre

 North Richland Hills, TX

Asking Price

$18,000,000

Cap Rate

8.89%

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Year Built

1993

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Avg HHI

$101,600

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Square Feet

234,333 SF

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Rare Upside | Center is ideal for re-tenanting and repositioning to reach max. potential.
  • High Barriers to Entry | The Property is available well-below replacement cost in a market where significant vacant space is nearly non-existent.
  • Tax-Free State | The tax-free state has seen a huge influx of both population and capital. The business-friendly environment has spurred the economy’s rebound ahead of a large majority of the country coming out of the Pandemic.
  • DFW Region | The Dallas-Fort Worth market is exploding demographically, spurring economic growth not seen anywhere else in the country.
  • Highly Trafficked | Traffic counts for Interstate 820 are over 165k VPD and Highway 183 are over 205k VPD,
    giving the property high visibility.
  • Robust Demographics | The center draws from a population of over 110k with an average income over $96k within a 3-mile radius, providing a strong economic base.

Exclusively Listed By

Gill Warner

Senior Vice President
  gwarner@northmarq.com      918.794.9512

Sharon Jordan

Senior Investment Analyst
  sjordan@northmarq.com      918.794.9513

In Association With
Toby Scrivner

TX Lic. #452773

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136


northmarq.com