WellMed 3-Tenant

WellMed 3-Tenant is a 17,708 square foot, three-tenant retail asset situated on +/- 3.42 acres in the high-growth northern submarket of Fort Worth, Texas (DFW). The Property is approximately 20 minutes from Dallas Fort Worth International Airport and 35 minutes from downtown Dallas. WellMed 3-Tenant is 100% leased to a complementary mix of dentistry, bakery, and health tenants including Bella Smiles Dentistry, Terry’s Donuts, and WellMed, with an average base lease term expiration of August 2029. Rents average $27.81 PSF NNN, which are at or below market for comparable new construction retail space leasing in the $30s to $40’s NNN, creating an opportunity for rent growth over time. Over 3.7 million square feet of retail GLA exists in a 2-mile radius of the Property, with adjacent users including CVS Pharmacy, HEB, Costco Wholesale, Target Supercenter, Ross Dress for Less, Best Buy, Kroger Marketplace, and Aldi amongst others. Positioned between 4+ residential neighborhoods and between Interstate 35W and Highway 287, WellMed 3-Tenant benefits from daily traffic with two ingress/egress points along Harmon Road and ample parking (100+ parking spaces).