Lemons Road Industrial Park

Less than four miles east of I-35W with convenient access to Burleson, Mansfield, Arlington, Everman, and Kennedale, positioned within a high-performing small-bay industrial submarket in Fort Worth.Lemons Road Industrial Park (the “Property”) is a ±33,750-square-foot, multi-tenant small-bay industrial asset located at 5160–5172 Lemons Rd. in Fort Worth, Texas, offering investors a compelling value-add opportunity in one of DFW’s strongest performing small-bay industrial markets. Strategically positioned less than four miles east of I-35W and within minutes of Burleson, Mansfield, Arlington, Everman, and Kennedale, the Property benefits from excellent regional connectivity and strong surrounding demographics, including average household incomes exceeding $136,300 and median home values above $336,900 within a one-mile radius. The Property is currently leased at average in-place rents of $6.88/SF NNN, representing a substantial discount to verified market rental comps of approximately $10–$11/SF NNN. With a WALT of less than 19 months, investors are well-positioned to mark rents to market in the near term and drive meaningful NOI growth. This rental upside supports a projected 9.00% Year-5 pro forma cap rate. Constructed primarily in 2018, Lemons Road Industrial Park features highly functional small-bay product with mostly 16'–18' clear heights, an efficient 5% office / 95% warehouse finish-out, and an average suite size of approximately 3,068 square feet - ideal for servicing the most active segment of small-bay tenants. The Property is further enhanced by industrial outside storage (IOS), a highly sought-after amenity that is increasingly difficult to replicate and a meaningful differentiator within the market. Submarket fundamentals further strengthen the investment thesis, with current flex occupancy averaging 95.1%, projected annual rent growth of 3.28% through 2030, and less than 1% of new supply expected through 2028. These supply-demand dynamics create a favorable environment for continued rent growth and long-term value appreciation. Overall, Lemons Road Industrial Park offers investors the opportunity to acquire a well-located, functional small-bay industrial asset with substantial near-term mark-to-market upside, supported by durable tenant demand, limited future supply, and strong demographic fundamentals.