Property Name

Painted Tree Vintage Market

Location

7800 Grapevine Highway
North Richland Hills, TX 76180

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Property Description

Painted Tree Vintage Market is a 37,141 square foot single tenant investment opportunity located in the Dallas/Fort Worth submarket of North Richland Hills, Texas. Positioned at the signalized hard corner of Grapevine Highway (Blvd 26) and Bedford Euless Road, the Property sits on 2.84 acres of land approximately 15 minutes northeast of Downtown Fort Worth. Painted Tree Vintage Market has over 9 years remaining on a 10-year, triple net primary term lease (landlord is responsible for roof and structure only) with annual rent increases and two, 5-year renewal options. Additionally, over $2 million of capital was invested in both the interior and exterior of the building in 2017 which included improvements to the fa├žade, interior finish out and parking lot among other items. Painted Tree Vintage Market is offered at a 7.75% cap rate which is priced well below replacement cost at an extremely attractive $92.89 per square foot.

Status


Available

GLA


37,141 SF

Percent Leased


100% Leased

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