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6238 Rufe Snow Drive

NewQuest Properties Secures 27.9K SF Retail Lease At Rufe Snow Village In North Richland Hills
LEASEDRetail

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

Bob Conwell

NewQuest Properties

Broker

11 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