850 Loop 820 E Fort Worth, TX 76112
Single tenant Albertsons with extended lease and fixed rental increases.
Source:
Nmrk
Listing Agent: Kyle Miller
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Albertsons NNN Property For Sale
This single-tenant property is an Albertsons grocery store located at 850 East Loop 820, Fort Worth, TX 76112. 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 features fixed 7.5% increases every five years. The tenant reports annual sales and has consistent year-over-year growth, with sales of $500 per square foot. The Albertsons is located at the John T. White Road exit, just off Interstate 820, which sees over 123,000 vehicles per day, generating nearly 1,000,000 visits per year. This makes it the number one Albertsons out of 16 within a 15-mile radius. The location ranks 7th out of 43 in the State of Texas and in the 75th percentile nationwide. The property's location near the Interstate 30 and 820 makes it an ideal location. Albertsons is the second-largest grocery chain in the nation, employing over 250,000 people in 2,276 locations, with revenues exceeding $80 billion and a market cap of 9.6 billion. This property is an ideal 1031 exchange opportunity.
Location Intelligence
Current Use by Public Records
Starbucks
Coffee Shop
Woodcreek Village
Shopping Mall
FedEx OnSite
Mailing Service
higi
Health Consultant
Redbox
Movie Rental Kiosk
Similar Places Nearby
Albertsons
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4845585
- Latitude
- 32.7500808
Nearby Similar for Sale
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 850 Loop 820 E Fort Worth, TX.
What are key features of this property?
This property features: - Absolute NNN lease with Albertsons corporate, the second largest grocery chain in the nation.; - Recently extended lease commenced in 2019 with an initial expiration date of June 30, 2039, and eight (8), five (5) year options to extend.; - Fixed 7.5% increases every five years.