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4245 E Berry Street, Fort Worth, TX, 76105

FIESTA MART
Closed

Key Information

Tot. SF
73,268
Year Built
1998
Type
Retail

Highlights

  • Grocery-Anchored Stability: The center, comprised of 8 tenants total, is anchored by Fiesta Mart, a well-established and high-traffic grocery store that drives consistent customer foot traffic and long-term tenant stability.
  • Long Standing Tenant History: The property features tenants that have been at the center for an average of 18 years, including Fiesta Mart tenure of nearly 20 years, reducing turnover risk and providing stable cash flow.
  • High-Visibility Location: Positioned at the intersection of E Berry St and Miller Ave, a signalized intersection where the property enjoys excellent visibility and accessibility with strong vehicle traffic (24,241 VPD).
  • Attractive Projected CAGR: The property boasts a CAGR of 3.18% over the hold period, ensuring increasing income over time
  • Recession-Resilient Tenants: Essential retailers, including a grocery store and service-based businesses which make up 85.6% of the Property’s revenue, provide recession-resistant income streams.
  • Investor-Friendly Market: Fort Worth continues to experience economic growth, strong job market performance, and rising retail demand, making this property an attractive investment in a thriving metro area.
  • First Time on Market in Nearly 20 Years: The property is 100% leased, minimizing lease-up risk and ensuring steady rental income from day one.
  • Strong Tenant Mix: The center includes reputable national and regional tenants such as Rent-A- Center, Domino’s, and Metro by T-Mobile, providing a diverse tenant mix that appeals to the surrounding community.
  • Established Retail Destination: The 73,268 SF center serves as a well-trafficked neighborhood shopping hub for the area, benefiting from strong local demand and repeat customer visits.
  • Dense and Growing Demographics: The surrounding area has a dense population base with 247,219 residents within a 5-mile radius, supporting sustained retail demand and long-term investment stability.

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Location

Agents

Financing Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225