Property Name

The Shops at Fate

Price
$
6,317,000
NOI
$
385,342
Occupancy
100
%
Cap Rate
6.10
%
GLA
9,088 SF
Lease Type
NNN
Year Built
2026
Description

▪ 100% Leased to a Complementary Tenant Mix with Livewell Animal Hospital (Mission Pet Health Corporate – 900+ Locations), Donato’s Pizza (460+ Locations Nationally, Drive-Thru End Cap), GLOWE Nail Bar & All Tenants Experiencing Rent Bumps During Primary Term
▪ Benefits from Parallel Positioning to FM 551 with Access to Interstate 30 (94,200+ Combined VPD), in a Primary Retail Corridor with 40K+ SF of Retail Under Construction
▪ Strong Fundaments on a +/- 1.26-Acre Parcel, Structural Steel & Partial Masonry Construction, 55 Parking Spaces, Monument Sign, Ingress/Egress Along FM 551
▪ Nearby National Tenant Retailers Include, Target, Fresh (Brookshires), Starbucks, McDonald’s, Chipotle, Spec’s, Pet Supplies Plus, Jersey Mikes, and Several Other National Retailers▪ Adjacent to Lafayette Crossing; Kroger Marketplace & Target Anchored, 267-Acre, Master-Planned Development to Deliver 400K+ SF Retail
▪ Neighboring Fate Yards, a Newly Announced 50-Acre Mixed Use Center & Fate Village Grocery-Anchored Center
▪ Minutes from Lake Ray Hubbard; 21,671-Acre Freshwater Reservoir Serving as the Primary Recreational Asset for 8.3M+ Residents in the Broader North Texas Region
▪ Fate City Council Approved a $6M Bond to Fund the Redevelopment of Fate Station Park in Downtown Fate; 50 Additional Parking Spaces, Two (2) Restaurants, Added Pavilions & Enhanced Pedestrian Pathways
▪ Total Population within a 1-Mile Radius Increased by 1,520% from 2000 to 2025