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.