310 NW JOHN JONES DR, BURLESON, TX 76028

Available for Sale

$4,654,206

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

South Towne Crossing

South Towne Crossing

Built 2018 | ±7,500 SF | 5.35% Cap Rate

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CONTACT

Ty Underwood

SLJ Company, LLC

(214) 520-8818 ext. 4

PROPERTY INFORMATION

Price: $4,654,206

Year Built: 2018

Property Type: Retail

Cap Rate: 5.35%

Building Size: 7,500 SF

Zoning: Commercial

HIGHLIGHTS

  • 7,500 Square Foot, Multi-Tenant Retail Center Built in 2018

  • Located Within South Towne Crossing, a +/- 360,000 SF Power Center Anchored by Target and Home Depot

  • Built-in Upside Potential Through Contract Rent Escalations Increasing Base Rental by 9.32% by December 2024

  • 100% Leased to Three Internet-Resistant Medical and Service Oriented Tenants with and Average Base Lease Term of 10.28 Years

  • Heavy Traffic Counts of Nearly 50,000 Vehicles Per Day

  • Highly Affluent Area | Average Household Income Exceeds $100,500, $98,100 and $88,500 in 1, 3 and 5 Mile Radii, Respectively

PROPERTY DESCRIPTION

SLJ Company, LLC (SLJ) has been exclusively retained to offer qualified investors the opportunity to acquire a 100% fee-simple interest in South Towne Crossing - 310 NW John Jones Drive (the “Property”), a recently constructed 7,500 square foot multi-tenant investment property located in Burleson, Texas.  Ideally located near the signalized intersection of NW John Jones Dr and SW Wilshire Blvd (SH 174), the Property is approximately 20 minutes south of Downtown Fort Worth and prominently positioned with exposure to nearly 50,000 combined vehicles per day. 

 

Built in 2018, the Property is 100% leased to three internet-resistant medical and service orientated tenants including Good Faith Dentistry, Villa Nail Spa and Anderson Orthodontics, with an average base lease term of 10.28 years.  The Property benefits from its shallow bay configuration parallel to John Jones Drive and average tenant suite size of 2,500 square feet.  The Property offers investors built-in upside potential with 100% of in-place rental subject to contract rent escalations during the primary term increasing the base rents by 9.32% by December 2024.  Staggered lease expirations mitigate vacancy risk, and all tenant leases are triple net providing a landlord insulation from increases in operating expenses. The Property’s recent construction limits the need for near-term capital improvements creating the potential for years of stable cash flow.

 

310 NW John Jones Drive is part of South Towne Crossing, an impressive 75-acre 360,000+ square foot power center anchored by Target and Home Depot with supporting tenants including Petco, Office Depot, Wendy’s, Kay Jewelers, Mattress Firm and Wells Fargo, just to name a few. The Property is strategically placed within a bustling retail corridor in Burleson with both H-E-B plus! (115,000 SF) and Kroger Marketplace (114,792 SF) grocery anchored shopping centers positioned at the opposing corners of the intersection.

 

Overall, 310 NW John Jones Drive offers an investor a high-quality, stable, income-producing asset ideally located in an established retail corridor with tremendous traffic-driving co-tenancy within fast-growing submarket in North Texas.