NewQuest Properties Secures 27.9K SF Retail Lease At Rufe Snow Village In North Richland Hills
6238 Rufe Snow Drive
Building Size
27,941 SF
Asset Type
Retail
Closing
Sep 22, 2023
AI
A 27,941-square-foot retail lease has been secured at Rufe Snow Village in North Richland Hills, Fort Worth. The property is located at 6238 Rufe Snow Drive within the North Richland Hills market. The retail space is owned by Woodcrest Capital and is represented by Stone Beyer and Taylor Marks. This lease is for TX Thrift LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not available
- Square Footage: 27,941
- Address: 6238 Rufe Snow Drive
- Market: North Richland Hills
NewQuest Properties represented TX Thrift LLC in this retail lease transaction. Their representatives, Austen Baldridge and Bob Conwell, worked on behalf of the tenant. Stone Beyer and Taylor Marks, from Woodcrest Capital, acted as the landlord's representatives in the deal.
Players
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