Melbourne Plaza

900 Melbourne Rd, Hurst, TX, 76053-4633, US

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Melbourne Plaza (the “Property”), a 47,364 square foot 89% leased retail center located in the thriving Hurst submarket of the Dallas-Fort Worth MSA. This exceptional investment opportunity is strategically located in the must-have retail corridor of Hurst, TX, across the street from the Northeast Mall (attracting 5.3M annual visitors). The Property offers an incredible value-add opportunity with 20% below market rents and 16 tenants expiring without options. With nearly 11 years of weighted average tenure, the Property features a diverse tenant mix tailored to serve the immediate community. Melbourne Plaza has a vast trade area pulling from over 20-miles, making it a coveted offering in the market place.

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Attributes

Building area gross

4,400 sm

Occupancy

89%

Year built

1982

Land area gross

2.02 ha

Media

Investment highlights

89% occupied 47,364 square-foot asset located in the Hurst submarket of DFW
Located in the must-have retail corridor of Hurst, TX, situated directly across from Northeast Mall (4.3M annual visitors)
Significant growth potential via 20% below market rents and 16 tenants expiring without options
Expansive trade area with 224,900+ annual visitors to the center