6530-6750 E Eight Twenty Blvd Fort Worth, TX 76106
Single tenant Albertsons with extended lease and fixed rental increases.
Property size:
58,400 SFLot size:
8.79 AcresProperty Features for 6530-6750 E Eight Twenty Blvd
General Information
- Size
- 58,400 SF
- Lot size
- 8.79 Acres
Source:
Moodyscre
Listing Agent: Bill Bauman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Albertsons Fort Worth NNN Investment
This single-tenant property is an Albertsons grocery store located at 6530-6750 E 820 Loop, Fort Worth, TX. The property features an absolute NNN lease with Albertsons corporate, which commenced in 2019. The lease has an initial expiration date of June 30, 2039, and includes eight, five-year options to extend. The lease provides for fixed 7.5% increases every five years. The store reports annual sales and has demonstrated consistent historical growth, with sales pushing $500 per square foot. The property is located at the John T. White Road exit, just off Interstate 820, which sees over 123,000 vehicles per day. The Home Depot, KFC, and Wendy’s are located across the street. The surrounding area has approximately 230,753 residents within a five-mile radius. The property is a 58,400 square foot building. Albertsons is the second-largest grocery chain in the nation, employing over 250,000 people in 2,276 locations, and has revenue above $71.88 billion (2021).
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.343825
- Latitude
- 32.833015
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FAQs
What type of property is this?
Grocery and convenience store - Single tenant Albertsons with extended lease and fixed rental increases.
Where is this grocery and convenience store located?
The property is located at 6530-6750 E Eight Twenty Blvd Fort Worth, TX.
What is the asking price?
The asking price for this property is $12,180,000.
What are key features of this property?
This property features: - Absolute NNN lease with Albertsons corporate for passive income.; - Recently extended lease until 2039, plus eight (8) five-year options.; - Fixed 7.5% rent increases every five years.