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850 Loop 820 E Fort Worth, TX 76112

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For Sale
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Single tenant Albertsons with extended lease and fixed rental increases.

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Listing Contact
Kyle Miller
Source: Nmrk

Listing Agent: Kyle Miller

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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

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Similar Places Nearby

Albertsons

Location Insight

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City
Fort Worth
County
Tarrant
State
Texas
Longitude
-97.4845585
Latitude
32.7500808

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.
More about this property
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