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3809 E Belknap St Fort Worth, TX 76111

Sponsored
For Sale
$3,686,133

Fort Worth Walgreens: Strong NNN Lease

Property size:
13,823 SF

Description

Added:
Jan 27, 2025
Days on Market:
345
This exceptional investment opportunity presents a 13,823-square-foot building in Fort Worth, Texas, leased to Walgreens (WBA) under a newly extended 15-year absolute NNN lease. The lease commenced in September 2023 and includes twelve 5-year option periods, each with a 5% rent increase. This translates to a significant, long-term, passive income stream with zero landlord responsibilities. The property boasts a prime location on a major commercial thoroughfare, benefiting from high visibility and traffic counts exceeding 31,000 vehicles per day. Its hard-corner location ensures excellent ingress and egress. The strong tenant, Walgreens, provides a corporate guarantee and an investment-grade credit rating (S&P BBB). The property's strategic location is further enhanced by its proximity to other established businesses, including Domino's Pizza, Sammies Bar-B-Q, El Rancho Supermercado, and a Walmart Shadowed Supercenter. Situated in Fort Worth, the fifth-largest city in Texas and a rapidly growing area, this asset offers a compelling combination of stability, strong cash flow, and significant long-term growth potential. The property is located in the 76111 zip code. The asking price is $3,686,133, representing a substantial return on investment in a tax-free state. This is an ideal addition to any diversified real estate portfolio.

Property Features for 3809 E Belknap St

General Information

Property type
Other retail properties
Square Feet
13,823 SF
Price / Square Foot
$266
Elevators
N/A
Net Operating Income
$221,168

Building Details

Buildings
1
Stories
1
Units
1

HighLights

  • 13,823 sq ft Walgreens building in Fort Worth, TX, on a new 15‑year NNN lease.
  • High‑traffic location exceeding 31,000 vehicles per day, excellent visibility.
  • Strong tenant (Walgreens) with a lease featuring 5% rent increases every 5 years.
Location Intelligence

Current Use by Public Records

Walgreens Photo Passport Photo Processor FedEx OnSite Mailing Service Redbox Movie Rental Kiosk COVID-19 Drive-Thru Testing ... Pharmacy Cardtronics ATM Atm

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fort Worth
State
Texas
Longitude
-97.291986
Latitude
32.780503

FAQs

What type of property is this?
Other retail property - Fort Worth Walgreens: Strong NNN Lease
Where is this other retail property located?
The property is located at 3809 E Belknap St Fort Worth, TX.
What is the asking price?
The asking price for this property is $3,686,133.
What are key features of this property?
This property features: 13,823 sq ft Walgreens building in Fort Worth, TX, on a new 15-year NNN lease.; High-traffic location exceeding 31,000 vehicles per day, excellent visibility.; Strong tenant (Walgreens) with a lease featuring 5% rent increases every 5 years.
More about this property
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