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6621 Fossil Bluff Dr Fort Worth, TX 76137

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For Sale
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High-return restaurant investment, strong tenant.

Property size:
7,304 SF

Property Features for 6621 Fossil Bluff Dr

General Information

Property type
Restaurants
Square Feet
7,304 SF
Lot Size
76,230 SF

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Listing Contact
Ali Arian

Listing Agency: Beckley Morris Listing Agent: Ali Arian

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents the chance to acquire Landmark Bar & Kitchen, a thriving 7,304-square-foot restaurant located at 6621 Fossil Bluff Dr, Fort Worth, Texas 76137. The property boasts a prime location at the northeast quadrant of I-35 and Western Center Blvd in northern Fort Worth, offering excellent visibility and accessibility. Currently operating under a triple net (NNN) lease with a strong tenant, Landmark Bar & Kitchen, the lease commenced January 31, 2024, and extends for a total of 10 years, expiring January 31, 2034. The lease includes a base rent of $34 per square foot, with a 10% rent increase every five years. The property's Net Operating Income (NOI) is $248,336, resulting in a compelling 6.50% cap rate. The asking price is $3,819,600, translating to $566.54 per square foot. This investment benefits from a 1.75-acre lot size and is situated within a thriving area with a population of 103,101 within a 3-mile radius, a daytime population of 97,631, and average household incomes of $92,559. The tenant, Landmark Bar & Kitchen, is part of One Entertainment Group, a reputable restaurant group with a proven track record. The property's current occupancy is 100%. This is a rare opportunity to acquire a high-performing, established restaurant with a long-term lease in a desirable location. The property is zoned for bar/restaurant use. The lease includes two renewal options at market rate. Landmark Fw Holdings LLC serves as the guarantor.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Landmark Bar & Kitchen Bar & Pub

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fort Worth
County
Tarrant
State
Texas
Longitude
-97.311636203726
Latitude
32.862270501662

FAQs

What type of property is this?
Restaurant - High-return restaurant investment, strong tenant.
Where is this restaurant located?
The property is located at 6621 Fossil Bluff Dr Fort Worth, TX.
What is the asking price?
The asking price for this property is $3,819,600.
What are key features of this property?
This property features: Landmark Bar & Kitchen tenant.; Landmark FW Holdings LLC guarantor.; 7,304 SF space at 6621 Fossil Bluff Dr, Fort Worth, TX.
More about this property
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