Remodeled Convenience
New
For Sale
$590,000
6000 Lt Jg Barnett Road, Fort Worth, TX 76114
Updated retail facility with new coolers, a walk-in cooler, security system, and room for additional convenience offerings.
Property Size1,200 SF
Price / SF$491.67
Days on Market5
Property Features for 6000 Lt Jg Barnett Road
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,056
Amenities
coolers
walk in cooler
security system
Building Details
Building Size
1,200 SF
Year Built
1950
Buildings
1
Listing Agency:
Rendon Realty, LLC
(817) 592-3008
Listed By:
Marta Hinojosa
Source:
Nilesrealtygroup
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 16 at 2:52PM
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 Rendon Realty, LLC
Investment Insights
Based on property information with market context.
This 1,200-square-foot retail building, originally constructed in 1950, has undergone extensive remodeling with updated finishes and a customer-oriented layout. The property includes brand-new coolers, a walk-in cooler, and a security system. Existing merchandise categories include beer, liquor, wine, tobacco, vape products, grocery items, and lottery products. Inventory is included and would transfer by bill of sale with an acceptable offer.
The store occupies a visible position along Lt Jg Barnett Road in Fort Worth, with the City of Fort Worth building a roundabout directly in front of the property. Burgers Lake and Marion Sansom Park are less than 10 minutes away, and nearby manufactured home communities contribute to the surrounding residential customer base. A new survey is included. The rear area provides room for a kitchen addition, and the property also offers space for an ATM.
The store occupies a visible position along Lt Jg Barnett Road in Fort Worth, with the City of Fort Worth building a roundabout directly in front of the property. Burgers Lake and Marion Sansom Park are less than 10 minutes away, and nearby manufactured home communities contribute to the surrounding residential customer base. A new survey is included. The rear area provides room for a kitchen addition, and the property also offers space for an ATM.
Key Highlights
- 1,200‑square‑foot retail building constructed in 1950
- Extensively remodeled interior with updated finishes
- Brand‑new coolers and a walk‑in cooler
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,666
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,320
$413.3K
Cap Rate 7%
$295,229
$295.2K
Cap Rate 9%
$229,622
$229.6K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$28.9K $24.12/SF
− Vacancy
−$1.4K −$1.16/SF
EGI
$27.6K $22.96/SF
− OpEx
−$6.9K −$5.74/SF
NOI
$20.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,320
Cap Rate 7%
$295,229
Cap Rate 9%
$229,622
Alternative Uses
Best Use
Specialty Retail
$295.2K
$258.3K – $344.4K
NOI $20,666 @ 7.0% cap · market cap 3.50%
Second Best
Retail
$275.5K
$241.1K – $321.5K
NOI $19,288 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$435.9K
$381.4K – $508.6K
NOI $30,514 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76114, TX
26,676
Population
10,648
Households
2.5
Avg Household Size
36
Median Age
18%
College-Educated
76%
High-School Grad
9.7 sq mi
ZIP Area
2,750
Density / Sq Mi
$61,055
Median Household Income
$40,145
Median Earnings
$1,231
Median Rent
$195,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Updated retail facility with new coolers, a walk-in cooler, security system, and room for additional convenience offerings.
Where is this grocery and convenience store located?
The property is located at 6000 Lt Jg Barnett Road Fort Worth, TX.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 1,200‑square‑foot retail building constructed in 1950; Extensively remodeled interior with updated finishes; Brand‑new coolers and a walk‑in cooler
