Investment Highlights
- Freestanding Former Day Care Available at Substantial Discount Below Replacement Cost
- Great Visibility from 30K VPD Traffic Counts on McCart Avenue with Prime Frontage on Park Lake Dr; Minutes from I-20
- Neighboring National Retailers: Kroger, Chick-fil-A, McDonald’s, 7-Eleven, U-Haul, Whataburger, CVS, Pet Supplies Plus, and more
- Zoned F, General Commercial, and Offers Flexible Zoning Allowing for a Variety of Uses Via Adaptive Reuse or Repositioning
- Attractive Demographics with 5-Mile Population of ±277,089 People with an Annual Household Income of $103,286
Offering Summary
Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 3312 Park Lake Drive in Fort Worth, Texas (the “Property”). Formerly occupied by a day care, the Property is offered significantly below replacement cost, making it an attractive owner/user or investment opportunity with substantial value enhancement potential.
Originally built in 1981, the Property consists of a one-story, building totaling approximately ±8,198 square feet and comes equipped with a 500-gallon grease trap. Situated on ±0.71 acres of land, it features 18 surface parking spaces and convenient access via three points of egress/ingress along Park Lake Drive, less than ¼-block west of McCart Street and its 30k VPD. The Property was formerly occupied by Child Care Associates and offers potential investors the ability to acquire a free-standing retail building with significant value add through long lease up at long term market rates (CoStar estimated retail rents of $16-20/SF). The favorable “F” General Commercial District zoning provides flexibility for a variety of commercial uses through potential adaptive reuse or repositioning strategies.
This former daycare is located in the Southwest Fort Worth submarket of Fort Worth, Texas, part of the rapidly growing Dallas-Fort Worth-Arlington MSA. The Property benefits from excellent access and visibility from McCart Ave, a key commercial corridor in Southwest Fort Worth, just 1-mi from I-20 (±142k VPD), providing convenient access to downtown Fort Worth and surrounding areas. Fort Worth continues to be a leading economic center for North Texas, with its diverse industries, including aerospace, healthcare, logistics, and higher education. Additionally, the larger urban cores such as Downtown Fort Worth (±15-min drive) and Dallas (±40-min drive) are within short and easily accessible commutes via major highways like Chisholm Trail Parkway (±3-mi), I-20 (±1-mi), and I-30. The Property is strategically located near major retail destinations, including the Altamesa McCart Center anchored by Kroger (±2-min), Hulen Mall (±3.5-mi) and The Shops at Clearfork (±12-min drive), both major economic drivers for the submarket. Additionally, Texas Health Harris Methodist Southwest Hospital (4-mi) is nearby, anchoring a burgeoning healthcare hub. This former is positioned within a thriving trade area, surrounded by strong residential growth in neighborhoods such as Benbrook, Ridglea Hills, and Tanglewood. The immediate area includes approximately 19,245 residents with an average household income of $85k within a 1-mi radius and expands to over 277k residents with an average household income of $103,000 within a 5-mi radius. This prime location and demographics underscore the Property’s long-term potential for investors and end-users alike.
