850 Loop 820 Fort Worth, TX 76112

Property Details for 850 Loop 820

Year built

1988

Lot size

4.71 lot acres

Property size

64,575 SF

Property type

Grocery and convenience stores

APN

47534-2-1R3

APU

4753421R3

Description

This exceptional investment opportunity presents a fee-simple interest in a 58,400 square foot Albertsons grocery store located at 850 E Loop 820, Fort Worth, TX 76112. The property sits on a 4.89-acre lot and boasts a strong location with high visibility, benefiting from over 123,000 vehicles daily on Interstate 820. Built in 1988, this single-tenant, absolute NNN property features a credit-rated Albertsons tenant under a 20-year lease commencing July 1, 2019, and expiring June 30, 2039, with eight 5-year renewal options. The lease includes fixed 7.5% rent increases every five years, providing a hedge against inflation. The property offers a compelling 5.20% cap rate and a Net Operating Income (NOI) of $670,003, with an asking price of $12,885,000 ($220.63/sq ft). The property is offered free and clear of existing debt, making it an ideal 1031 exchange opportunity. Albertsons, a Fortune 500 company and the second-largest grocery chain in the nation, demonstrates exceptional financial strength and consistent year-over-year growth, with sales exceeding $500 per square foot at this location. The property's location within a densely populated area (approximately 230,753 people within a five-mile radius) and its proximity to complementary businesses further enhances its investment appeal. This is a rare opportunity to acquire a high-performing, low-maintenance, and recession-resistant asset in a prime location.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Longitude

-97.2146

Latitude

32.7674

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments