Current Use by Public Records
- Black Bear Diner Burleson / Restaurant
Property Details for 12613 South Fwy
- Year built
- 2024
- Lot size
- 1.18 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a newly constructed, 7,000 square foot, two-tenant retail building in Burleson, Texas. Located at 12613 South Fwy, 76028, this fee-simple property boasts 100% occupancy with Black Bear Diner and Club Pilates as tenants. Both tenants have recently signed brand new 15-year NNN leases, featuring a 10% rental increase in year 6 and at the start of each option period. This provides a strong, inflation-hedged return. The property offers a significant 6.00% cap rate with a current NOI of $296,000 and an asking price of $4,933,000. The 1.18-acre lot includes 47 parking spaces, ensuring ample customer convenience. Built in 2024, the building is situated in a high-traffic area, benefiting from proximity to Interstate 35 (133,000 vehicles per day) and E. Rendon Crowley Road (33,300 vehicles per day). The property's strategic location within Southgate Marketplace, near Gateway Station (368,000 sq ft) and McAlister Square (193,000 sq ft), places it within a thriving retail corridor alongside major national tenants like Walmart, Lowe's, and AMC Theatres. The 5-mile trade area boasts a population exceeding 155,000, with an average household income of $105,941. The property is zoned for commercial use and is part of the AO (Airfield) Overlay District. This is a management-free investment opportunity with significant long-term growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burleson
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3181
- Latitude
- 32.5742
