New Hope Indsustrial Park

New Hope Industrial Park is located on Kennedale New Hope Rd, near U.S. Highway 287, in Fort Worth, TX.New Hope Industrial Park (the “Property”) is a ±24,800 square foot multi-tenant industrial asset with industrial outside storage (IOS) positioned on four acres of land located in the South-Central Tarrant County Submarket of Fort Worth, Texas. The Property is situated on Kennedale New Hope Rd less than two and one-half miles west of Business US Hwy 287 and less than four miles south of I-20. This location provides convenient access across Dallas-Fort Worth and transportation infrastructure including I-35W, I-820, I-30, SH-360, among others. Built between 2018 and 2019, the Property consists of four, single-story industrial buildings with IOS that are 100% occupied. The Property has a Weighted Average Lease Term (WALT) of more than 3.75 years providing stable income for years to come. The Property presents an exciting cashflow opportunity with average in-place rents of $9.57/SF NNN compared to market rents ranging from $10/SF to $11/SF NNN. The Property benefits from its recent 2018 and 2019 construction reducing the potential for near-term capital expenditures along with providing functional facilities for the Property’s tenants. The Property is further enhanced by the recent yard surface improvement comprising of 792 tons of concrete flex base and regrading of the entire IOS area. As a testament to the quality of the South-Central Tarrant County Submarket, vacancy rates average just 3.6% with 2025 rent growth forecasted at 6.9%, according to CoStar Analytics. Average annual household income exceeds $108,200 within a three-mile radius and median home values are over $384,500 within a one-mile radius. Overall, New Hope Industrial Park offers a stable multi-tenant industrial opportunity with IOS coupled with an attractive 7.00% in-place cap rate and positioned in one of Fort Worth’s prominent industrial nodes.