1886 Mineral Wells Highway
- Address:
- 1886 Mineral Wells Highway, Weatherford, TX 76088
- Property Type:
- Multi Tenant
- Price:
- $2,700,000
- Cap Rate:
- 7.29% cap
- NOI:
- $196,958
- Square Feet:
- 22,000 sqft
- Lot Size:
- 2.66 Acres
- Price Per Square Foot:
- $122.73
- Year Built:
- 2009
-
Marketing Package*
Investment Highlights
Investment Highlights
- Two-Building 22,000-Square-Foot Shallow-Bay Retail Asset Situated on 2.66 Acres
- 2009 Delivery, Featuring Nine Units, 14’ Clear Height, 12 Grade Doors, Metal Construction, & Excess Parking
- Prime Frontage on Mineral Wells Highway, Directly Feeding into I-20
- Diverse 96% Occupancy on Modified Leases, Creating Value-Add NNN Conversion Opportunity
- Parker County Submarket: 3.5% Retail Rent Growth & Vacancy Rate
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1886 Mineral Wells Highway in Weatherford, Texas, anchored by Epic Fights & Fitness Academy. The subject property consists of approximately 22,000 square feet of shallow-bay flex space and is situated on 2.66 acres of land. Developed in 2009, the two-building asset features nine units, a 14’ clear height, 12 grade-level doors, metal construction and roofing, and excess parking. The property has prime frontage along Mineral Wells Highway (U.S. Route 180), which feeds directly into Interstate 20, connecting the metros of Fort Worth and Dallas. Consisting of a diverse group of retail and industrial tenants, the property is 95.5 percent occupied on modified gross leases, creating a value-add opportunity to convert leases into triple-net terms.
The subject property is well-positioned within the Parker County submarket, containing 6.8 million square feet of industrial space. During Q4 2025, the industrial vacancy rate climbed to 10.0 percent, but despite the increase in availability, local industrial rents outpaced the national average, rising 2.4 percent annually. Unlike the overall Dallas-Fort Worth Market, retail space consumes more of the inventory pie than the industrial market in Parker County, covering 7.5 million square feet. The submarket’s retail sector also boasts solid fundamentals, with vacancies and annual rent growth both at 3.5 percent (CoStar).
The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with a total of 8.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with nearly 980,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metro’s numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub (Marcus & Millichap).