River District Plaza – 4854 White Settlement Rd, Ft Worth, TX
Highlights
- Irreplaceable location situated at the high-visibility corner of White Settlement Road and Merritt Street in Fort Worth’s vibrant River District, one of the top live, work and play communities in the state of Texas.
- The Property boasts a fantastic stabilized revenue stream with the ability to push rents on 30.35% of the center within the first 24 months. 69.64% of the Property provide an average of 9.5 years of term remaining, annual rent escalations and FMV renewal options.
- Complementary mix of tenants that include both national and local tenancy: Wingstop (NYSE: WING), There’s No Place Like Home Furniture, and Rustic on The River.
- Manageable size and price point – perfect for smaller 1031 investors seeking infill assets within high-barrier and high-growth markets.
- Unbeatable proximity and access to key demand generators and major employment hubs, including: Lockheed Martin (16,400 employees), NAS JRB Fort Worth (11,400 personnel), Downtown Fort Worth, the Cultural District, River Crest Country Club, Shady Oaks Country Club, and many more.
- Strategic positioning along White Settlement Road, the main east-west artery in Fort Worth, provides significant traffic to River District Plaza. Traffic is also amplified due to nearby Schools: Castleberry High School (1,042 students), Irma Marsh Middle School (834 students), and A.V. Cato Elementary School (578 students).
- Retail Portfolio Opportunity: Option to acquire the adjacent Class A STNL Retail Building at 4900 White Settlement Rd (contact broker for details).
Description
DB2RE Investment Sales is pleased to present River District Plaza (“The Property”) – a 5,140 SF Class A three (3) tenant retail strip center that is fully occupied. This Property is strategically located on 0.43 acres of MU-1 zoned land at the hard NEC of White Settlement Road and Merritt Street, the primary intersection within the coveted River District. Constructed in 2020, the property features a sleek modern design and a mix of national and local tenants, all on NNN leases. Both Wingstop and Rustic on the River (comprising 69.64% of the Property) provide new ownership an average of 9.5 years of term at an average rent of $31.32 PSF, including annual rent escalations to hedge against inflation. There’s No Place Like Home Furniture (30.50% of the Property) expires in February 2026 with a below market rental rate of $20.26 PSF, providing a rare value-add component.
The Property’s strategic infill location and White Settlement frontage benefits from significant and consistent vehicle traffic due to nearby surrounding multi-family and residential communities, schools (+/- 2,454 students) and major employers (Lockheed Martin – +/- 16,400 employees and the Naval Air Station Joint Reserve Base – +/- 11,400 personnel). More importantly, River District Plaza’s proximity to the wealthiest neighborhoods and access to key attractions such as: Downtown Fort Worth and the Cultural District, among many others, culminate to make the River District one of the top live, work and play destinations in the DFW Metroplex. Exceptional demographics surrounding the Property include over 83,850 residents within a three-mile radius and 247,940 within five miles. Household incomes within the same respective trade range are an exceptional $103,680 and $99,910. Prospective investors not only have the ability to gain access to the high-growth and high-barrier River District market, an irreplaceable core asset, but will enjoy a fantastic stabilized revenue stream with significant upside potential within the first 24 months.
Location
4854 White Settlement Rd, Fort Worth, TX 76114
River District Plaza – 4854 White Settlement Rd, Ft Worth, TX
4854 White Settlement Road, Fort Worth, Ta County, TX 76114