Restaurant with Absolute NNN
4691 GEMINI PL, Fort Worth, TX 76106
For Sale
Contact for pricing
The Fort Worth restaurant fronts I-35W and is leased to Cracker Barrel under an absolute NNN structure.
Property Size9,785 SF
Lot Size2.99 Acres
Price / SF$402.20
Days on Market35
Property Features for 4691 GEMINI PL
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Traffic Count
Highway Access
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Orion Real Estate Group
Listed By:
Duane Comprosky · License #BK3279960
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 4:08PM
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 Orion Real Estate Group
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Investment Insights
Based on property information with market context.
The restaurant contains 9,785 square feet and occupies a 2.99-acre fee simple parcel in Fort Worth. Cracker Barrel operates the property under a new 20-year absolute NNN lease, with a corporate guaranty from Cracker Barrel Old Country Store, Inc. The lease includes 1.5% annual rent increases and four five-year renewal options.
The property has frontage along I-35W, where the cited traffic count is approximately 143,855 vehicles per day. It is near the I-35W and Loop 820 interchange. Hotels, retail uses, and major transportation routes are identified in the surrounding area.
The property has frontage along I-35W, where the cited traffic count is approximately 143,855 vehicles per day. It is near the I-35W and Loop 820 interchange. Hotels, retail uses, and major transportation routes are identified in the surrounding area.
Key Highlights
- 9,785‑square‑foot restaurant on a 2.99‑acre fee simple parcel
- New 20‑year absolute NNN lease with a corporate guaranty from Cracker Barrel Old Country Store, Inc.
- Lease provides 1.5% annual rent increases and four 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,514
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,370,280
$3.4M
Cap Rate 7%
$2,407,343
$2.4M
Cap Rate 9%
$1,872,378
$1.9M
Market Conditions
NOI Build-Up for 9,785 SF
Gross rent
$236.0K $24.12/SF
− Vacancy
−$11.3K −$1.16/SF
EGI
$224.7K $22.96/SF
− OpEx
−$56.2K −$5.74/SF
NOI
$168.5K $17.22/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,370,280
Cap Rate 7%
$2,407,343
Cap Rate 9%
$1,872,378
Alternative Uses
Best Use
Specialty Retail
$2.41M
$2.11M – $2.81M
NOI $168,514 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.15M
NOI $248,813 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
143,855 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76106, TX
36,521
Population
11,543
Households
3.2
Avg Household Size
30
Median Age
6%
College-Educated
54%
High-School Grad
14.5 sq mi
ZIP Area
2,519
Density / Sq Mi
$53,486
Median Household Income
$31,419
Median Earnings
$1,179
Median Rent
$167,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Conventional restaurants in Fort Worth
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The Fort Worth restaurant fronts I-35W and is leased to Cracker Barrel under an absolute NNN structure.
Where is this conventional restaurant located?
The property is located at 4691 GEMINI PL Fort Worth, TX.
What is the asking price?
The asking price for this property is $3,935,500.
What are key features of this property?
This property features: 9,785‑square‑foot restaurant on a 2.99‑acre fee simple parcel; New 20‑year absolute NNN lease with a corporate guaranty from Cracker Barrel Old Country Store, Inc.; Lease provides 1.5% annual rent increases and four 5‑year renewal options
