Property Name

McCart Plaza

Price
$
13,668,000
NOI
$
956,810
Occupancy
87
%
Cap Rate
7.00
%
GLA
75,980 SF
Lease Type
NNN
Year Built
1970, renovated 2024
Description

McCart Plaza is a 75,980 square foot retail asset located in Fort Worth, Texas. The Property is 86.72% leased to a diverse tenant mix including AutoZone, Mr. Gatti’s Pizza, Antojitos Latinos, Van Marcke Plumbing and The Classic Barber Shop, among others. McCart Plaza is situated on two (2) large parcels totaling +/- 8.39-acres and benefits from multiple ingress/egress points, a two-sided monument sign and average lease expiration of February 2031. The Property is priced below replacement value at just $179.18 PSF and in-place rents average just $15.07 per square foot. National retailers in the surrounding area include QuikTrip, Taco Bell, Dollar General, Sherwin Williams, 7-Eleven, CVS, Subway, Walgreens, and Dollar Tree, among numerous others.