8724 Benbrook Blvd Benbrook, TX 76126
- Retail properties
- 2,070 SF
- 0.27 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8724 Benbrook Blvd
- Year built
- 2017
- Lot size
- 0.27 lot acres
- Property size
- 2,070 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,070 square foot Kwik Kar franchise in Benbrook, Texas. Located on Benbrook Boulevard, this single-story, 2017-built building sits on a 0.27-acre lot and enjoys a prominent outparcel position adjacent to a Walmart Supercenter, ensuring high visibility and consistent customer traffic. The property boasts a 15-year absolute NNN lease with a franchisee tenant, featuring 10% rent increases every five years and four, five-year lease options. The current lease term has 15 years remaining. The property generates a substantial net operating income (NOI) of $138,000, resulting in a compelling 6.25% cap rate. The asking price is $2,208,000, translating to a price per square foot of $1,066.67. Benefiting from a strong, affluent demographic base within a 5-mile radius (over 148,388 people) and a 10-mile radius (over 538,580 people), this Kwik Kar location is one of the top-performing three-bay oil and lube facilities in Texas. The location is further enhanced by a Tarrant County moratorium on new oil/lube building construction, limiting competition. The tenant plans building renovations in Fall 2024. This investment offers significant tax advantages, including potential bonus depreciation benefits. The property is located in Texas, a state without state income tax.
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
- Benbrook
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4654
- Latitude
- 32.6783
