Willard Business Park

The property is located on E Loop 820 S between I-20 and I-30.Willard Business Park (the “Property”) is a ±24,000-square-foot, multi-tenant small-bay industrial asset located in Fort Worth, Texas. The Property consists of 16 suites that are 100% occupied by 15 tenants, all on NNN leases, with a Weighted Average Lease Term (WALT) of 15 months. The Property is 100% occupied at average in-place rents of $11.43/SF NNN, significantly below verified market lease comps of $14–$18/SF NNN, creating the opportunity to add value by marking rental rates to market as leases expire. The Property is offered at an attractive 7.03% in-place cap rate with a Year-5 pro forma cap rate of 10.06%. Submarket vacancy is just 6.9%, with zero net new supply projected through 2030 (CoStar). Built in 2022, the four-building project features a masonry façade, an average suite size of ±1,500 square feet, 14'2" to 18'9" clear heights, 16 grade-level loading doors, a concrete parking lot, and approximately 5% office / 95% warehouse finish-out, making the Property well suited for light industrial and service-oriented tenants. The Property has frontage on E Loop 820 S, with traffic counts exceeding 82,400 vehicles per day, providing exceptional highway visibility. The infill location offers convenient access to E Loop 820 S, I-20, I-30, and the broader Dallas–Fort Worth Metroplex. Within a five-mile radius, average household income exceeds $86,100 and median home value exceeds $268,300 (CoStar). Overall, Willard Business Park offers investors the opportunity to acquire a 100% leased, recently constructed small-bay industrial asset with an attractive 7.03% in-place cap rate and meaningful embedded upside through near-term rental rate mark-to-market. The Property’s 2022 construction, NNN lease structure, diversified tenancy, and constrained submarket supply further support the investment thesis.