Fort Worth Retail NNN
108 NE 28th Street Fort Worth, TX
For Sale
Contact for pricing
Retail property in Fort Worth with long-term NNN lease.
Property Size15,070 SF
Lot Size1.94 Acres
Price / SF$356.19
Days on Market486
Property Features for 108 NE 28th Street
General Information
- Standard status
- Active
- Size
- 15,070 SF
- Lot size
- 1.94 Acres
- Property subtype
- RETAIL
Listing Agency:
SVN | Net Lease Texas
(469) 828-1950
Listed By:
Glen Berhow · License ##0602310
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Net Lease Texas
Investment Insights
Based on property information with market context.
This retail property, constructed in 2000, features 15,070 square feet of space on a 1.9-acre lot. The property benefits from a signalized intersection and a hard corner location. It has a NNN lease with over ten years remaining on the original 25-year term, along with ten 5-year options. The location experiences traffic volume exceeding 46,000 vehicles per day. The surrounding area within a three-mile radius has a population of over 120,000 and an average household income exceeding $53,000.
Key Highlights
- Long‑term NNN Lease with over 10 years remaining.
- High traffic location at a signalized intersection with 46,000+ vehicles per day.
- Located on a hard corner lot.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $363.5k | $24.12 |
| − Vacancy | −$17.4k | −$1.16 |
| EGI | $346.0k | $22.96 |
| − OpEx | −$103.8k | −$6.89 |
| NOI | $242.2k | $16.07 |
15,070 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.46M
$3.03M – $4.04M
NOI $242,229 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.47M
$4.79M – $6.39M
NOI $383,200 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens
Cosmetic Store
COVID-19 Drive-Thru Testing ...
Pharmacy
Walgreens ATM
Atm
Walgreens Pharmacy
Pharmacy
FAQs
What type of property is this?
Retail space - Retail property in Fort Worth with long-term NNN lease.
Where is this retail space located?
The property is located at 108 NE 28th Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $5,367,824.
What are key features of this property?
This property features: Long‑term NNN Lease with over 10 years remaining.; High traffic location at a signalized intersection with 46,000+ vehicles per day.; Located on a hard corner lot.
