Retail Space
8053 Grapevine Hwy North Richland Hills, TX 76180
Details & Description
Call for Pricing
    Colliers International has been exclusively retained to offer qualified investors the opportunity to purchase Central Plaza Shopping Center, a 15,785 square foot highly successful retail establishment located in North Richland Hills, Texas. The Property is strong secure investment with long-term tenants and a diverse tenant base. This building was constructed in 1984 and sits on 1.44 acres within the Hurst/Euless/Bedford submarket. The prime investment asset delivers a well-established tenant base with strong history at the property. This provides a potential investor with an excellent investment opportunity offering a secure, stable property with excellent cash flow and value add opportunity. Strategically located on one of the most heavily traversed corridors in the area, the property features superb ingress and egress via Grapevine Highway, complimented by immediate access to surrounding highways (820, 377 and 183), making transportation exceptionally convenient. Frisco Crossing is situated in a highly desirable location, providing a dense population corridor of more than 282,700 people within a five-mile radius in a quickly developing area. Dallas / Fort Worth has been among national leaders in corporate relocation, with 72 major companies moving there since 2010. The Dallas / Fort Worth Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, and the fourth largest in the United States and is leading the job market industry among the nation’s largest metropolitan areas, with a growth rate of 4.8 percent, while unemployment is safely below the national average, at 3.7 percent. Central Plaza is located at the center of a high amenity submarket in a rapidly developing area. This is an excellent prospect for potential investors in one of the best submarkets in an income tax-free state, providing additional benefits for investment. The property’s design and location has been key attributes which have attracted and kept quality tenants as its occupants. This opportunity allows an investor to enjoy a long-term, attractive yield.
    Listing Agents
    Kirk Searcy

    kirk@laramie-inv.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    8053 Grapevine Hwy

    North Richland Hills, TX 76180

    Listing ID: 178428
    • 8053 Grapevine Hwy North Richland Hills, TX 76180 | for Sale | Photo 1
    • 8053 Grapevine Hwy North Richland Hills, TX 76180 | for Sale | Photo 2
    • 8053 Grapevine Hwy North Richland Hills, TX 76180 | for Sale | Photo 3
    8053 Grapevine Hwy | for Sale | Thumbnail 1
    8053 Grapevine Hwy | for Sale | Thumbnail 2
    8053 Grapevine Hwy | for Sale | Thumbnail 3
    Building Size: 15,785 SF
    Lot Size: 1.440 AC
    Land Size: 62,726 SF
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Description

    Colliers International has been exclusively retained to offer qualified investors the opportunity to purchase Central Plaza Shopping Center, a 15,785 square foot highly successful retail establishment located in North Richland Hills, Texas. The Property is strong secure investment with long-term tenants and a diverse tenant base. This building was constructed in 1984 and sits on 1.44 acres within the Hurst/Euless/Bedford submarket. The prime investment asset delivers a well-established tenant base with strong history at the property. This provides a potential investor with an excellent investment opportunity offering a secure, stable property with excellent cash flow and value add opportunity.


     

    Strategically located on one of the most heavily traversed corridors in the area, the property features superb ingress and egress via Grapevine Highway, complimented by immediate access to surrounding highways (820, 377 and 183), making transportation exceptionally convenient. Frisco Crossing is situated in a highly desirable location, providing a dense population corridor of more than 282,700 people within a five-mile radius in a quickly developing area.


     

    Dallas / Fort Worth has been among national leaders in corporate relocation, with 72 major companies moving there since 2010. The Dallas / Fort Worth Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, and the fourth largest in the United States and is leading the job market industry among the nation’s largest metropolitan areas, with a growth rate of 4.8 percent, while unemployment is safely below the national average, at 3.7 percent.


     

    Central Plaza is located at the center of a high amenity submarket in a rapidly developing area. This is an excellent prospect for potential investors in one of the best submarkets in an income tax-free state, providing additional benefits for investment. The property’s design and location has been key attributes which have attracted and kept quality tenants as its occupants. This opportunity allows an investor to enjoy a long-term, attractive yield.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Fort Worth History of Retail Space for Sale

    North Richland Hills Area Market Trends

    Listing Demographics for 8053 Grapevine Hwy North Richland Hills, TX 76180

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population14,855104,272276,623
    Population Median Age353837
    Population by Age0-9 Yrs2303 (15%)14210 (13%)39115 (14%)
    10-19 Yrs1770 (11%)12069 (11%)36992 (13%)
    20-29 Yrs2565 (17%)14947 (14%)37004 (13%)
    30-39 Yrs2262 (15%)14220 (13%)38390 (13%)
    40-49 Yrs1811 (12%)12746 (12%)35966 (13%)
    50-59 Yrs1660 (11%)13540 (12%)37088 (13%)
    60-69 Yrs1188 (7%)12061 (11%)28590 (10%)
    70+ Yrs1296 (8%)10478 (10%)23478 (8%)
    Median HH Income$51,455$61,873$67,395
    Total Household Income< 24K737 (13%)5250 (13%)12518 (12%)
    25-49K1832 (34%)9670 (24%)22172 (22%)
    50-74K1042 (19%)8541 (21%)20769 (20%)
    75-99K609 (11%)5318 (13%)13482 (13%)
    100-199K1011 (19%)8581 (22%)23843 (24%)
    200K+69 (1%)1528 (3%)6344 (6%)
    Highest Education LevelNo Diploma1401759619792
    Diploma or GED22671821344799
    Some College23531883547103
    Assoc. Degree900616015243
    Bachelors Degree17171431339188
    Higher Degree705557517294
    Total Housing Units5,65541,470105,337
    --Owner-Occupied2,14023,67662,870
    --Renter-Occupied3,16115,21336,258
    Owner-Occupied Values< 100K48442009871
    100-199K12161233528605
    200-299K294501613607
    300-399K11614155624
    400-499K04342906
    500K+292762257
    Total Working Age Population11,31782,191214,052
    In Work Force8,10156,818149,418
    Not In Work Force3,21625,37364,634
    Workforce Employed7,60853,974142,045
    Workforce Unemployed4932,8087,273
    Civlian Workforce8,10156,782149,318
    Military Workforce03699
    Total Households5,30138,88999,128
    Family Households3,39126,55570,422
    Non-Family Households1,91012,33428,706
    Married Couple2,17619,08351,693
    Other Family1,2157,47218,729
    Married w/Child9166,86021,110
    Single Male w/Child1961,0412,495
    Single Female w/Child5843,2788,297

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Tarrant County1,446,219+251,809,034+192,143,755+172,507,170

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the building size of this Retail property in North Richland Hills, TX?
    The size of the building/unit at 8053 Grapevine Hwy in North Richland Hills is 15,785 square feet
    How much land does the North Richland Hills, TX property at 8053 Grapevine Hwy include?
    8053 Grapevine Hwy in North Richland Hills includes 1.440 acres of land
    What is the population within 1 mile of 8053 Grapevine Hwy in North Richland Hills?
    The population within 1 mile of 8053 Grapevine Hwy North Richland Hills, TX 76180 is 14,855 people.
    Who do I contact for questions about 8053 Grapevine Hwy?
    You should contact the listing agent, Kirk Searcy, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Dallas Fort Worth International Airport (DFW) 11
    Dallas Love Field (DAL) 21
    Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 109
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