- The West 7th Street District is one of Texas’ premier live, work, play mixed-use developments. The district spans across 80 acres (1 mile X 0.5 Mile) of core infill land and is conveniently located 1 mile north of Interstate 30 and 1 mile west of the Fort Worth CBD.
- Over 8.5 million of visitors annually to the W. 7th Entertainment and Fort Worth Cultural District. Located 1,700 feet away is the Modern Art Museum of Fort Worth and the Kimbell Art Museum, two of the most renowned museums in the world. The District is now anchored by the brand new, $540 million dollar, 14,000 seat Dickies Arena, schedule for completion August 2019.
- Situated on 6.36 acres, Foch Street provides investors with one of the largest unobstructed tracts of infill land within the DFW Metroplex.
- Coveted MU-2 zoning (High Intensity Mixed-Use). The MU-2 zoning allows for vertical development up to 12 stories, making Foch Street the perfect redevelopment play.
- Significant value-add through the lease-up of the 29,172 SF of second generation retail / restaurant space, as well as, future redevelopment of the property.
- Within a three mile radius of the Property there are 92,722 residents increasing to more than 271,873 residents within five miles of the property. Furthermore, average household incomes within the one mile and three miles radii are $77,669 and $69,139 respectively.
- Shop rental rates among existing tenants average a staggering low $21.35, with over 56.00% of the property paying below $25.00 PSF. Additionally, 52.86% of the property boasts FMV renewal options upon expiration.
DB2RE INVESTMENT SALES is pleased to present Foch Street (“Property”) a 135,727 square foot mix-used shopping center located in the coveted West 7th Entertainment District of Fort Worth, TX. For over 70 years, Foch Street has been considered a landmark property. Built by the Leonard Family at the end of WWII, the two main buildings date back to 1946 with the third building completed in early 1953. Foch Street embodies the country’s post-World War II resurgence that left us with the architectural treasure we have today. Foch Street is a beacon of Fort Worth’s illustrious history, retail environment and diverse economy. Over the years, the property has been home to an elite group of specialty retailers that include companies like Leonard’s Farm and Ranch Store, Williamson Dickie (Dickie’s), Montgomery Ward & Co. and Tandy Mart. The spirit of Foch Street and its esteemed past precedes itself to this day.
Restored in 2002 and 2011, Foch Street is comprised of three buildings and is currently 78.51% occupied by various specialty, destination and entertainment retailers and business including The Reservoir, Chimy’s, Texas Republic, Colonels’ Bicycles as well as businesses like iProspect, among others. The property boasts 6.36 acres of core / infill MU-2 zoned land and is strategically positioned at the eastern edge of the W. 7th Entertainment District, Fort Worth’s premier urban mixed-use development. Stretching nearly a quarter mile along Foch Street (1,000 feet), Foch Street “Property” provides unparalleled access and visibility to this entertainment mecca. Spanning over 16 city blocks and 80 plus acres, the West 7th District is comprised of over 2 million square feet of high-end residential, office, retail / restaurant and hotel assets. Investors have the unique opportunity to acquire a core / legacy asset within this high growth – high barrier market. The offering provides a stabilized revenue stream as well as various value-add opportunities. The combination of over 29,172 SF of lease-up potential, below market rates and future redevelopment opportunities due to the property’s favorable MU-2 zoning ensures new ownership’s initial investment continues to grow well into the future.