Beford Dr Euless, TX 76039
- Retail properties
- 3,558 SF
- 0.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Beford Dr
- Year built
- 1965
- Lot size
- 0.60 lot acres
- Property size
- 3,558 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 3,558 square foot free-standing restaurant in Bedford, Texas presents a compelling value-add investment opportunity. Located on a 0.6-acre lot with 32 parking spaces, this single-tenant property boasts excellent ingress/egress and ample parking. The building, constructed in 1965 and extensively renovated in 2023, features a new roof and is exceptionally well-maintained. Currently operating as an American diner serving breakfast and lunch, the business enjoys 100% occupancy and a strong, loyal clientele. The property offers a current NOI of $240,000 and a 12% cap rate, with a pro-forma NOI of $350,000 and a pro-forma cap rate of 17.5%. The asking price is $2,000,000 ($562.11/sq ft). Situated in a dynamic area of Tarrant County with significant population growth and surrounded by single-family residences, multi-family dwellings, and professional buildings, this property benefits from a strong demographic profile. The permitted zoning is retail, and the location offers easy access to the DFW MSA, the 4th largest in the U.S. This prime owner-user/investment opportunity in Texas, a state with no state income tax, presents significant upside potential for expansion.
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
- Euless
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0821
- Latitude
- 32.8673
