3416 Tx-114 Fort Worth, TX 76177
- Retail properties
- 649 SF
- 0.51 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3416 Tx-114
- Year built
- 2024
- Lot size
- 0.51 lot acres
- Property size
- 649 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 649 square foot Salad and Go restaurant in Fort Worth, Texas. Built in 2024, this single-tenant property boasts a 100% occupancy rate with a long-term, absolute NNN ground lease. The lease includes a significant advantage: 10% rental escalations every five years, providing a strong hedge against inflation. The property's strategic location as a pad site within The Champions Circle mixed-use development in Denton County ensures high visibility and substantial traffic. The $1,583,000 asking price translates to a compelling $2,439.14 per square foot, with a current NOI of $95,000 and a 6.00% cap rate. The 0.51-acre lot features a convenient drive-thru lane, enhancing operational efficiency and customer convenience. This investment benefits from the rapidly expanding Salad and Go brand, which experienced a remarkable 166.3% increase in annual sales in 2022. The property's location within a regional trade area encompassing Tarrant, Denton, and Wise counties further strengthens its investment potential. The absence of state income tax in Texas adds to the overall financial attractiveness of this opportunity. This is a passive income investment with built-in growth potential. The lease commenced May 1st, 2024.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Denton
- State
- Texas
- Longitude
- -97.2867
- Latitude
- 33.0262
