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4530 South Hulen Street

Melinda Whittington Leases Retail Space At 4530 S. Hulen St. In Fort Worth
LEASEDRetail

Melinda Whittington Leases Retail Space At 4530 S. Hulen St. In Fort Worth

4530 South Hulen Street

Building Size

Asset Type

Retail

Closing

Feb 23, 2024

AI

Located at 4530 South Hulen Street in Fort Worth, a 15,633-square-foot retail space has been leased to La-Z-Boy Furniture Galleries. This location was previously occupied by a Bassett Furniture store.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Tenants: Melinda Whittington - La-Z-Boy Furniture Galleries
  • Landlord's Rep: Emilie Paulson & Gretchen Miller - Weitzman
  • Tenant's Rep: JLL

The lease deal was facilitated by Weitzman, representing the landlord, and JLL, representing La-Z-Boy Furniture Galleries. Melinda Whittington serves as the key individual from the tenant's side, while Emilie Paulson and Gretchen Miller acted as the landlord's representatives.

Players

Gretchen Miller

Weitzman⁠

Broker

3 deals

Broker

Fort Worth Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93