Northlake Commons Building 5A

Marcus & Millichap is pleased to exclusively present for sale Northlake Commons Building 5A, located at the northeast quadrant of Cleveland-Gibbs Road and FM 407 in Northlake, Texas. Northlake Commons Building 5A is 8,200 square feet of Class A leasable area retail shopping center built in 2022. The retail center is structured as a condo within the greater Northlake Commons development that spans 10.89 acres at a main entrance of the Harvest by Hillwood master planned community.

This condo and its ownership share the 10.89-acre plot of land. Building 5A represents 6.74 percent land ownership.

The Northlake Commons Building 5A is offered for sale at $3,345,759, which is a 6.67 percent year one CAP Rate. The asset values and cash flow will appreciate each year due to leases structured with annual rent escalations, typically at increases of 2 percent per year.

Northlake Commons Building 5A features a diverse mix of internet-resistant tenants on triple net leases with staggered lease terms. Tenants are Tequila Ranch Cocina and The Hive. Tenants at the Subject Property have positioned themselves in this shopping center to capitalize on the booming growth continuing to happen in this market. In 2022, Northlake/Argyle saw an increase in population of greater than twenty percent.