Freestanding Restaurant with Absolute NNN
New
For Sale
$1,701,000
6600 Camp Bowie Blvd, Fort Worth, TX 76116
Established corporate-operated location with annual rent increases and multiple renewal options.
Property Size3,876 SF
Price / SF$438.85
Days on Market2
Property Features for 6600 Camp Bowie Blvd
General Information
Standard status
Active
Size
3,876 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
Absolute Net Lease with 4.3 Years Remaining – Annual Rent Increases
Corporate Lease – Steady and Proven Operating History at This Location
AAA+ Location Along the Historic Camp Bowie Boulevard (22,540 VPD)
Dense Infill Location with More Than 226,000 Residents and 270,000+ Daytime Population
Established QSR Brand with Nearly 150 Company-Owned Locations Across Texas
Building Details
Building Size
3,876 SF
Listed By:
Vince Knipp · License #License(s): TX: 0579633
(972) 755-5205
Source:
Marcusmillichap
Added: Sep 16
Last Checked: Sep 16 at 2:13PM
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 Vince Knipp
Investment Insights
Based on property information with market context.
This freestanding conventional restaurant comprises 3,876 square feet on a 0.76-acre site in Fort Worth, Texas. The property is occupied by a corporate-operated Taco Cabana location with more than 16 years of operating history.
The lease is structured on an absolute net basis, with roughly 4.3 years remaining in the current term. Annual rent increases are in place, along with four five-year renewal options. The property is positioned along Camp Bowie Boulevard, an arterial connecting west Fort Worth with downtown. The reported cap rate is 6.50%.
The lease is structured on an absolute net basis, with roughly 4.3 years remaining in the current term. Annual rent increases are in place, along with four five-year renewal options. The property is positioned along Camp Bowie Boulevard, an arterial connecting west Fort Worth with downtown. The reported cap rate is 6.50%.
Key Highlights
- 3,876‑square‑foot freestanding restaurant on 0.76 acres
- Absolute net lease to a corporate‑operated Taco Cabana location
- More than 16 years of operating history
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
$66,751
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
3.92%
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%
$1,335,020
$1.3M
Cap Rate 7%
$953,586
$953.6K
Cap Rate 9%
$741,678
$741.7K
Market Conditions
NOI Build-Up for 3,876 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
$93.5K $24.12/SF
− Vacancy
−$4.5K −$1.16/SF
EGI
$89.0K $22.96/SF
− OpEx
−$22.3K −$5.74/SF
NOI
$66.8K $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%
$1,335,020
Cap Rate 7%
$953,586
Cap Rate 9%
$741,678
Alternative Uses
Best Use
Specialty Retail
$953.6K
$834.4K – $1.11M
NOI $66,751 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,559 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76116, TX
51,639
Population
25,808
Households
2
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.3 sq mi
ZIP Area
4,198
Density / Sq Mi
$54,738
Median Household Income
$39,040
Median Earnings
$1,205
Median Rent
$286,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established corporate-operated location with annual rent increases and multiple renewal options.
Where is this conventional restaurant located?
The property is located at 6600 Camp Bowie Blvd Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,701,000.
What are key features of this property?
This property features: 3,876‑square‑foot freestanding restaurant on 0.76 acres; Absolute net lease to a corporate‑operated Taco Cabana location; More than 16 years of operating history
