Fort Worth, Texas, is an attractive destination for investors seeking to capitalize on the city's growing retail market. With a population of approximately 960,000, Fort Worth offers a diverse range of retail properties for sale, including strip centers, shopping malls, and freestanding buildings. Retail properties in Fort Worth are an attractive investment opportunity due to the city's strong economy, which is driven by major industries such as aviation, healthcare, technology, finance, and transportation. The city's retail market is further boosted by its strategic location, which provides easy access to major highways, airports, and transportation hubs. Fort Worth is also home to several major universities, including Texas Christian University and the University of North Texas Health Science Center, which contribute to the city's strong retail demand. The city's amenities, such as the Fort Worth Zoo, the Fort Worth Botanic Garden, and the Fort Worth Nature Center and Refuge, also make it an attractive destination for residents and visitors alike.
Fort Worth's retail properties offer a range of investment opportunities, from small strip centers to large shopping malls. With 147 retail properties for sale, investors have a wide range of options to choose from. The average price per square foot for retail properties in Fort Worth is $389 USD, and the average size is 15,996 square feet. The largest retail property available is 260,941 square feet. In addition to retail properties, Fort Worth is also home to a range of other property types, including shopping centers, restaurants, office properties, and hotels. The city's shopping centers offer a range of amenities, including restaurants, entertainment options, and services. Fort Worth's restaurants are known for their diverse range of cuisines, from traditional Texas barbecue to international flavors. The city's office properties are home to a range of businesses, from small startups to major corporations. Fort Worth's hotels offer a range of accommodations, from budget-friendly options to luxury resorts. Overall, Fort Worth's retail properties offer a unique investment opportunity, with a strong economy, diverse range of amenities, and strategic location.
What is the average cap rate for retail properties in Fort Worth?
When it comes to retail properties in Fort Worth, investors can expect an average cap rate of 6.59%. For those new to commercial real estate investing, it's essential to understand what a cap rate is and how it's calculated, which is why we recommend checking out our article on what is a cap rate to get a better grasp of this crucial metric.
How do location and foot traffic affect retail property values?
In Fort Worth, Texas, the location and foot traffic of a retail property significantly impact its value. For instance, properties situated in high-demand areas like Downtown Fort Worth or the Stockyards, with heavy foot traffic and proximity to popular attractions, tend to command higher prices, with an average price per square foot of $389 USD and an average size of 15,996 square feet, compared to those in less desirable locations.
