NNN 1031 Exchange Property: The Plaza at Ridgmar

The Plaza at Ridgmar is located at 2400 Lands End Blvd, 6660 W. Freeway 30, Fort Worth, TX 76116 The following is more information on the property:

Rentable SqFt: ± 22,110.00
Purchase Price: $4,530,000.00
Price per SqFt: $204.88 /sqft
Equity: $4,370,000.00
Loan Amount:
Loan-to-Value: 0%
Cash on Cash Return:
Cap Rate: 6%
Percent Occupied: 93.96%
Type: Two building, single-story retail shopping center

Property Description:
The Plaza at Ridgmar is a two building, single-story retail shopping center complex located in Fort Worth, Texas. The property is situated at the main entrance from Interstate Highway 30 (West Freeway) to the 1.2 million square foot Ridgmar Mall. The property is approximately 10 miles from the Fort Worth Central Business District and approximately eight miles from the Fort Worth-Meacham International Airport.

Top Tenants by Total Rent
The Plaza at Ridgmar is currently 93.96% occupied with seven tenants. There are three keynote leaseholders, Cato Fashions, Woodcraft Supply Corp., and the Mattress Firm, that occupy 71% of the net rentable square footage.

Contact us at VegasNNN for more information on moving forward with this exchange.