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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3416 Tx-114 Fort Worth, TX 76177

649 SF 0.51 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 649 SF
Lot 0.51 ac (22,216 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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