Wedgewood Square Shopping Center — Sale in Fort Worth, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Fort Worth, TX 76133
- Year built: 1974
Photos
Investment Figures
- Cap rate
- 2.81%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present Wedgewood Square Shopping Center, a 54,200-square-foot neighborhood retail center situated on 4.65 acres in southwest Fort Worth, Texas. Offered at an attractive basis of approximately $66 per square foot, the property presents a rare opportunity to acquire an established retail asset with substantial embedded value through lease-up of existing vacancy, mark-to-market rent growth, and the repositioning of underutilized space within an improving retail corridor. Positioned along Altamesa Boulevard near the signalized intersection of McCart Avenue, the property benefits from strong visibility, more than 66,000 vehicles per day along surrounding thoroughfares, dense surrounding residential development, and nearby H-E-B-owned land expected to support continued commercial investment. As occupancy improves and rental rates converge toward market levels, investors have a compelling opportunity to significantly increase cash flow while maintaining an exceptionally low basis relative to replacement cost. Investment Highlights: • Exceptional Basis Well Below Replacement Cost • Significant Lease-Up & Cash Flow Opportunity • Embedded Mark-to-Market Rent Growth • Positioned for Long-Term Corridor Growth
Market Context
This retail in Fort Worth, TX is listed for sale. It is offered at an approximate 2.8% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1974. Compare it against other retail listings for sale in Fort Worth, TX — view the full market.
As of Q4 2025, the Dallas / Fort Worth retail market showed a 5.0% vacancy rate, average asking rents near $15.71/SF/yr, rents up 4.9% year over year, and cap rates around 6.8%. Source: multiple brokerage reports, Q4 2025.
Its 2.8% asking cap rate is below the Dallas / Fort Worth retail market average of about 6.8%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Dallas / Fort Worth?
- About 6.8% as of Q4 2025, per multiple brokerage reports.
- Is the Dallas / Fort Worth retail market tightening or softening?
- Vacancy is around 5.0%, with asking rents rising year over year (Q4 2025).
Contact
- Chris Gainey · (817) 932-6122 · chris.gainey@marcusmillichap.com
- Philip Levy · (972) 755-5225 · philip.levy@marcusmillichap.com
- Duke Dennis · (817) 932-6172 · duke.dennis@marcusmillichap.com
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