Hurst Net Lease Investment
For Sale
Contact for pricing
689 Airport Fwy, Hurst, TX 76053
Corporately guaranteed tenant, absolute NNN lease, excellent accessibility.
Property Size20,319 SF
Lot Size3.01 Acres
Price / SF$180.62
Days on Market108
Property Features for 689 Airport Fwy
General Information
Standard status
Active
Size
20,319 SF
Total Parking Spaces
175
Lot size
3.01 Acres
Property subtype
Office
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$289,545
Building Details
Year Built
1987
Year Renovated
2019
Tenancy
Single
Listing Agency:
Summit Real Estate
(469) 844-8884
Listed By:
Jason Vitorino · License #TX 512565
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Aug 26 at 7:33AM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Corporately guaranteed tenant with Absolute NNN lease through 2030, providing stable income.
- High‑traffic location with immediate access to Highway 183** (240,000+ vehicles per day) and close proximity to I‑820 and DFW International Airport.
- Attractive 7.63% cap rate with built‑in rent escalations.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 76053, TX
31,935
Population
12,803
Households
2.5
Avg Household Size
36
Median Age
29%
College-Educated
87%
High-School Grad
8.1 sq mi
ZIP Area
3,943
Density / Sq Mi
$62,402
Median Household Income
$39,147
Median Earnings
$1,322
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Corporately guaranteed tenant, absolute NNN lease, excellent accessibility.
Where is this office building located?
The property is located at 689 Airport Fwy Hurst, TX.
What is the asking price?
The asking price for this property is $3,670,000.
What are key features of this property?
This property features: Corporately guaranteed tenant with Absolute NNN lease through 2030, providing stable income.; High‑traffic location with immediate access to Highway 183** (240,000+ vehicles per day) and close proximity to I‑820 and DFW International Airport.; Attractive 7.63% cap rate with built‑in rent escalations.**
