Heritage Heights_Property for Sale
Heritage Heights_Property for Sale

Heritage Heights

4000 William D Tate Avenue, Grapevine, TX, 76051, US

Description

Jones Lang LaSalle (“JLL”) is pleased to exclusively present Heritage Heights (“the Property”), an 89.0% leased, 92,631 square-foot retail center located in the thriving DFW Metroplex with direct access to Highway 121. Heritage Heights is surrounded by affluent residential communities, with average household income reaching $215,363 within a 1-mile radius. The Property features a diverse tenant lineup anchored by CLUB4 Fitness, secured under a newly signed long-term lease through 2037. With an average tenant tenure of 15.8 years (excluding the newly signed CLUB4 Fitness) and a weighted average lease term of 9.8 years, this Property delivers stable cash flow and offers significant upside with a 5-year CAGR of 5.67% through additional leasing and mark-to-market opportunities within a desirable, affluent corridor of the DFW Metroplex.

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Attributes

Building area net
8,606 sm
Occupancy
89%
Year built
1998
WALT
9.8 years

Media

Investment highlights

  1. Club4 Fitness Newly Secured Anchor
  2. Club4 Fitness Locked in Through 2037
  3. Average HH Income $215,363 (1-Mile Radius)
  4. Value Creation Opportunity
  5. Impressive 5-Year CAGR of 5.67% with the Immediate Ability to Lease Up 10,152 SF
  6. Durable Income Stream
  7. 9.8 Year WALT
  8. Committed Shop Space Tenancy
  9. 15.8 Year Average Tenant Tenure
  10. Opportunity to Unlock Additional Value
  11. Via Three Potential Pad Site Spinoffs
Heritage Heights 4_Property for Sale
Heritage Heights 4_Property for Sale

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Heritage Heights (0 Properties)

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Last updated
Jan 23, 2026