Contacts
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services
Property Details
- Property Type Retail
- Property Size 8,000 SF
- Lot Size 1.23 Acre
- Year Built 2012
- Date Updated Oct 30, 2025
- Visibility/Traffic Count (VPD) 106,200
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Corporate Guarantee by Investment-Grade Tenant – The lease is corporately guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR), which carries an investment-grade credit rating, providing investors with strong credit quality and long-term income security.
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Essential Retailer Designation – Dollar Tree was classified as an “essential retailer” during the COVID-19 pandemic, underscoring the resilience and necessity of its business model even during periods of economic disruption.
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Favorable Tax Environment – Located in Texas, a state with no personal income tax, which enhances consumer purchasing power and contributes to a business-friendly economic climate.
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Affluent Surrounding Demographics – The average household income within a ±5-mile radius is approximately $126,354 indicating strong local spending capacity.
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High Traffic Location – The property benefits from excellent visibility and access along Davis Boulevard, which experiences traffic volumes of approximately 28,469 vehicles per day (VPD), supporting consistent customer traffic.
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Densely Populated Trade Area – Approximately 295,120 residents live within a 5-mile radius and over 1,007,412 residents within a 10-mile radius, providing a strong and growing consumer base.
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Established Tenant Commitment – Dollar Tree has operated at this location for over a decade and has already exercised its first lease extension option, reflecting long-term operational success and commitment to the site.
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Quality Construction – The building features durable all-brick construction, minimizing long-term capital expenditure and enhancing structural longevity.
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Attractive Rental Increases – The lease includes rare 10% rental escalations during the option periods, offering built-in income growth and a hedge against inflation.
Reach out to the broker for more info on lease terms and amenities
Getting around
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52/100
Walk Score ®
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46/100
Bike Score ®
Location
- City North Richland Hills, TX
- Zip Code 76180
- Market Dallas Fort Worth
Points of Interest
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North Richland Hills/Smithfield
1.20 miles
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Trinity Lakes
2.91 miles
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Mercantile Center
4.99 miles
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North Side
8.06 miles
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Grapevine Vintage Railroad Tickets
8.70 miles
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Fort Worth Central
9.28 miles
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Grapevine Vintage Railroad
9.89 miles
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Grapevine-Main Street
9.92 miles
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Exxon
0.94 miles
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QuikTrip
0.98 miles
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ChargePoint
1.11 miles
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RaceTrac
1.44 miles
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Shell
1.46 miles
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Kroger
1.47 miles
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Valero
1.58 miles
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Texaco
1.60 miles
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EVgo
1.82 miles
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Grubbs Nissan
3.12 miles
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Painted Tree Marketplace - Parking Lot
0.87 miles
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Parking Lot F
1.09 miles
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Smithfield Station - Park and Ride
1.15 miles
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Parking Lot G
1.17 miles
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Parking Lot H
1.18 miles
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Parking Lot I
1.25 miles
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Iron Horse Station Park-n-Ride
2.06 miles
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TRE Richland Hills - Park and ride
3.37 miles
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Crash Investigation Site
3.98 miles
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Catechetical Center Parking Lot 4
4.00 miles
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Niki's Italian Bistro
0.31 miles
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Whataburger
0.36 miles
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Japanese Grill
0.70 miles
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Chuck E. Cheese
0.71 miles
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Popeyes
0.73 miles
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Gyros
0.76 miles
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Red Lobster
0.94 miles
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Golden Chick
0.96 miles
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Olive Garden
1.00 miles
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Hooters
1.05 miles
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WinCo Foods
1.29 miles
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North East Mall
1.43 miles
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Kroger
1.44 miles
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Dillard's
1.55 miles
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ALDI
1.64 miles
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Big Lots
1.65 miles
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TJ Maxx
1.68 miles
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Kohl's
1.71 miles
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Walmart Supercenter
1.72 miles
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Albertsons
1.73 miles