Property Name

Northlake Plaza




GLA 10,704 SF

Percent Leased 100% Leased

Property Description

Northlake Plaza is a 10,704 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.  Northlake Plaza is 100% leased to a complementary mix of food and service tenants which includes Ideal Dental, Wingstop, Bombay Vapor, Amano Italian Bistro and Burgers & Curries.  The average base lease term expiration is November 2026 with 3 of the 5 tenants experiencing built-in rent escalations during their primary lease terms. Rents averaging $31.99 PSF NNN. The Property benefits from parallel positioning to Highway 114, two (2) outdoor patios, an average suite size of 2,141 SF, shallow bay depth, partial masonry construction, multiple ingress/egress points and a large highly-visible 2-sided pylon sign. Total population within a one-mile radius of Northlake Plaza increased significantly by 652% from 2000 to 2021. 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.
 


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