7345 Cyn Park Dr Fort Worth, TX 76123
- Specialty properties
- 15,000 SF
- 1.26 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 7345 Cyn Park Dr
- Year built
- 2023
- Lot size
- 1.26 lot acres
- Property size
- 15,000 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
This exceptional investment opportunity presents a fee-simple ownership of a 15,000-square-foot school building in Fort Worth, Texas. Located at 7345 Canyon Park Dr, 76123, this property sits on a 1.26-acre lot and boasts a 7.00% cap rate with a strong NOI of $395,000. The property is currently 100% occupied under a 15-year, Double Net (NN) lease with a corporate guarantee, commencing April 1, 2023, and expiring March 30, 2038. The lease includes built-in rental increases of 10% every five years, providing significant long-term growth potential. The minimal landlord responsibilities inherent in the NNN lease structure further enhance the investment's appeal. Built in 2023, this property offers a secure, long-term investment with a total potential lease term of 25 years, thanks to two, five-year options. The asking price is $5,642,857, translating to a price per square foot of $376.19. This is a rare opportunity to acquire a high-quality, income-producing asset with substantial upside potential in a desirable Fort Worth location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4067
- Latitude
- 32.6334
