689 Airport Fwy Hurst, TX 76053

Located at 689 Airport Fwy in Hurst, Texas, this property presents a net lease investment opportunity. The tenant is corporately guaranteed with an Absolute NNN lease structure extending through 2030. Renovated in 2019 with approximately $500,000 in capital improvements, the property offers a 7.63% cap rate with built-in rent escalations. The 20,319 square foot building is situated on a 3.01-acre lot and provides a parking ratio of 8.6 spaces per 1,000 SF. The location offers immediate access to Highway 183, which sees over 240,000 vehicles per day, and is in close proximity to I-820, providing accessibility in a central DFW location approximately 12 miles from DFW International Airport. The building provides flexibility for potential owner-user scenarios, with the option to occupy up to approximately 16,500 square feet while retaining the existing tenant in the remainder of the property, subject to current lease terms. Alternatively, the property can be sold vacant to an owner-user subject to seller obtaining a buy-out from the current tenant in place. The property also presents a value-add redevelopment opportunity to convert the existing improvements to true flex/industrial use, with an entry basis below replacement cost at $187 PSF.