6621 Fossil Bluff Dr Fort Worth, TX 76137

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.