Marcus & Millichap is pleased to present the opportunity to acquire the property located at 5600 Kroger Drive in Fort Worth, Texas. The subject property consists of approximately 13,966 square feet of warehouse space and is situated on 1.89 acres of land. Delivered in 2017, the single-tenant asset features Clear Span construction with metal roofing, a clear height ranging between 12’ to 25’, one grade-level door, three-phase power, and 53 concrete parking spaces. Situated within walking distance of U.S. Route 377 and three miles from Interstate 35 West, the property can easily access the entire Dallas-Fort Worth Metroplex.
The subject property is primely situated in the Northeast Tarrant/Alliance submarket. As one of the market’s premier industrial nodes, the submarket contains a massive 85.8 million square feet of industrial space. The submarket is home to Perot Field Fort Worth Alliance Airport, the nation’s first airport designated for industrial use that serves as a main hub for air cargo carriers such as FedEx and Amazon. Alliance Airport is part of the largest business park in North Texas, Alliance Texas, a 27,000-acre master-planned mix-use community developed by Hillwood, a subsidiary of the Perot Company. At the start of the new year, 4.1 million square feet of industrial space were under construction as Alliance Texas continues to drive expansion. Despite the rapid increase in supply, asking rents grew by 8.9 percent in 2023. While 340 basis points slower than the previous record year, rent growth still more than doubled the pace of the Consumer Price Index (CoStar).
The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with an aggregate of more than 7.7 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 919 thousand 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.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2023 Marcus & Millichap. All rights reserved. (Activity ID: ZAF0060165)
