FAIR OAKS PLAZA
FORT WORTH, TX (DFW MSA)
Fair Oaks Plaza
4409 River Oaks Blvd
Fort Worth, TX 76114
(1) Fixed CAM & PRS INS/TAX. 3% INS & TAX cap (2) 3% Non-Cumulative CAM Cap (3) Analysis Start Date is 08/01/2026 and Takes Into a Consideration a 12 Month Hold From This Date (4) Tenants reimburse off of a PRS denominator of 54,923 SF
• Value Add Retail Center: Below Market Rents - Average Rental Rate of $6.71 Per Square Foot | Competing Retail is Leasing at $18-$20 in the Immediate Area | Mix of Gross & NNN Leases | Ability to Covert to NNN Over Time | Priced at Only $72 Per Square Foot – Well Below Replacement Cost
• Growing & Improving Trade Area: The River Oaks / West Fort Worth Submarket Continues to Experience Residential Growth and Redevelopment | Strengthening Long-Term Demand for Local Retail Services | Over 226,000 People in an Immediate 5-Mile Radius (Costar)
• Tenant Longevity & Stability: Several Tenants Have Operated at the Property for Extended Periods of Time | Demonstrating the Locations Ability to Support Long-Term Occupancy | Traffic Generated by Over 23,000 Vehicles Per Day Along River Oaks Blvd
• Complimentary Tenant Mix: Synergistic Mix of National and Local Tenants | Service Oriented Tenant Mix that Drives Foot Traffic | Creates Natural Cross-Shopping Between Businesses
• Recent Roof Replacement: Roof was Replaced Within the Last 3 Years | Reducing Near Term Capital Expenditures for New Ownership
• Other National Retailers Include: Walmart, McDonalds, Subway, QuikTrip, Whataburger, Dollar Tree, Metro by T-Mobile, AutoZone, Planet Fitness, KFC, Panda Express, Advance Auto Parts & Many More…
Dallas - Fort Worth, TX
OVERVIEW QUICK STATS
Dallas encompasses half of the Dallas-Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States. Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas-Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States.
The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 8,100,037 according to the U.S. Census Bureau’s 2023 population estimates. From 2010 to 2021, the DFW Metroplex had the largest numerical population growth of any MSA in the United States.
The metropolitan economy is the fourth-largest and third-fastest growing in the United States, with a 2022 real GDP of $688.9 billion. In 2023, Dallas had both the highest job growth rate and the most jobs added in the nation and is the fourth-largest employment center in the nation (behind New York
City, Los Angeles, and Chicago) with more than three million non-farm jobs. DFW also had the most growth from July 2022 to July 2023 than any other metro in U.S., with 152,598. Dallas is also ranked 8th in world rankings of GDP by the Organization for Economic Co-operation and Development. The DFW Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. As of 2020, the city of Dallas has 10 Fortune 500 companies, and the DFW region as a whole has 21.
Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations. Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.
No. 1
3rd
4th
8th
10K
Fastest Growing MSA in the U.S. from 2010 to 2021 (U.S. Census Bureau)
Largest concentration of Fortune 500 Companies (American City Business Journals)
Largest Metropolitan Area in the United States
In the world rankings of GDP (Organization for Economic Co-Operation & Development)
Home to over 10,000 corporate headquarters, making it the largest concentration in the U.S.
Demographic data © CoStar 2024
CONFIDENTIALITY AGREEMENT
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.
Commercial Disclaimer
STRIVE hereby advises all prospective purchasers of commercial property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.
