Property Name

Chadwick Commons Retail Center

GLA 17,800 SF

Percent Leased 100% Leased

Property Description

Chadwick Commons Retail Center is a 17,800 SF retail center located across from Texas Motor Speedway in the high-growth, affluent DFW submarket of Northlake, Texas.  Positioned just off the Interstate 35W and State Highway 114, the Property is approximately 20 minutes west of Dallas/Fort Worth International Airport and 20 minutes north of downtown Fort Worth.  Chadwick Commons Retail Center is 100% leased to a complementary mix of restaurant, medical and service tenants.  The average base lease term expiration is September 2029 with 5 of the 6 tenants experiencing built-in rent escalations during their primary lease terms with rents averaging $30.03 PSF NNN. The Property benefits from parallel positioning to Highway 114, a drive through and outdoor patio for PJ’s Coffee, average suite size of 2,543 SF, shallow bay depth, masonry components, multiple ingress/egress points and a large highly-visible 2-sided monument sign fronting Highway 114. Total population within a one-mile radius of Chadwick Commons Retail Center increased by a staggering 2,227% from 2000 to 2023. Notable national retailers at the immediate intersection include Buc-cee’s, Chick-fil-A, Chipotle, Whataburger, Popeyes, In-N-Out Burger, 7-Eleven & QuickTrip amongst others.    The Dallas Stars NHL Team plans to operate a $45 Million athletic facility (StarsCenter Multisport) including Two (2) NHL rinks (as well as basketball/)volleyball), along with hospitality, retail & up to 900 apartments, next door to the east.   StarsCenter Multisport, located within the Chadwick Farms mixed-use development, is anticipated to have over 1,300,000 visitors annually (Dallas Morning News).