Property Name

Wedgwood Square Shopping Center

GLA 54,200 SF

Percent Leased 84% Leased

Property Description

Wedgwood Square Shopping Center is a 54,200 square foot retail asset located in Fort Worth, Texas. The Property is 84.13% leased to a diverse tenant mix including Crazy Hot Deals, Tonae’s Learning Center, Iglesia Guerreros Del Nazareno and Elements of Style, among others. Wedgwood Square Shopping Center is situated on a large, 4.65-acre parcel benefitting from multiple ingress/egress points, two-sided pylon sign and an average suite size of only 2,831 square feet.  In-place rents are only $5.30 per square foot NNN/modified gross providing upside in raising rents to market levels and converting leases to full NNN. Offered at an attractive 7.25% cap rate, Wedgwood Square Shopping Center is priced well below replacement cost at $36.62 per square foot to the building and priced at only $9.80 per square foot to the land. Surrounding area retailers include Kroger, Chick-Fil-A, Big Lots, Pet Supplies Plus, EOS Fitness, CVS, McDonald’s, Walgreens, IHOP, Arby’s & Whataburger, among numerous others.             

Strategically located along Altamesa Boulevard, the Property experiences traffic counts in excess of 17,785 vehicles per day.  Wedgwood Square Shopping Center benefits from close proximity to Interstate 35W and Interstate 20, which provide convenient access to Downtown Fort Worth and the rest of the DFW Metroplex. H-E-B owns the currently vacant 46,000+ square foot box moments east of the Property at the southeast quadrant of McCart Avenue and Altamesa Boulevard.