The Mercantile at Southlake
Southlake, TX · Northeast Tarrant
The Mercantile is an 85,000 square foot, grocery-anchored center in one of the highest-income submarkets in Dallas–Fort Worth. The national grocery anchor operates well above regional sales-per-square-foot averages and carries more than a decade of remaining term with options, providing a durable income floor beneath the value-add plan.
The opportunity sits in the inline space. Roughly 22,000 square feet of underperforming legacy tenancy is either below market or approaching natural expiration. Our plan re-merchandises that space toward a curated mix of boutique fitness, medspa, and fast-casual operators — categories that trade at meaningful rent premiums in this trade area and drive repeat weekday traffic to the anchor.
Capital improvements are targeted rather than cosmetic: facade modernization at the inline run, upgraded site lighting and landscaping, and a pylon signage program. Underwriting assumes no cap rate compression at exit.
- 85,000 SF
- Gross Leasable Area
- 88%
- Occupancy
- 2004 / Renovated 2019
- Year Built
- 7.2%
- In-Place Cash Yield
| Tenant | Category | SF | Expiry |
|---|---|---|---|
| National Grocery Anchor | Grocery | 46,000 | 2038 |
| Regional Fitness Concept | Fitness | 9,500 | 2032 |
| Medspa / Wellness | Service | 4,200 | 2031 |
| Fast-Casual Cluster (4) | F&B | 8,800 | 2029–2033 |
| Inline Shops (7) | Various | 11,200 | Rolling |
- $196,400
- Median HH Income (3-mi)
- 132,800
- Population (5-mi)
- 3.1%
- Submarket Retail Vacancy
- 48,200
- Traffic Count (VPD)
Illustrative distribution and capital event timeline on a $50,000 position.
Projections are illustrative, unaudited, and provided for design purposes only. Actual results will differ.
