2250 Precinct Line Rd Hurst, TX 76054
- Commercial real estate
- 827 SF
- 0.43 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2250 Precinct Line Rd
- Year built
- 2023
- Lot size
- 0.43 lot acres
- Property size
- 827 SF
- Property type
- Commercial real estate
- APN
- 24365--3A
Description
This exceptional investment opportunity presents a brand-new, 827-square-foot Salad and Go restaurant in Hurst, Texas, within the DFW MSA. The property boasts a 20-year absolute NNN lease, commencing November 1, 2023, and expiring November 1, 2043, with three 5-year renewal options. The lease includes a corporate guarantee from a rapidly expanding national chain, providing significant security. Rental increases of 10% every five years are built into the lease, offering protection against inflation and consistent NOI growth. The current NOI stands at $100,000, yielding a 6.00% cap rate on the $1,667,000 asking price. Situated on a 0.43-acre lot with 89 parking spaces, the property is strategically located as an outparcel to a Lowe's Home Improvement store, benefiting from high visibility and significant traffic. The property is in the General Business District (GB) zoning and features a double drive-thru, enhancing customer convenience. The location is less than two miles from North East Mall, a major shopping center, and is surrounded by other national retailers, including Walmart, Target, and Home Depot. The strong demographics of the 5-mile trade area, with over 278,800 residents and 105,700 employees, and an average household income of $130,672 within a 1-mile radius, further solidify this investment's potential. This is a truly passive investment opportunity with zero landlord responsibilities. The property's APN is 24365--3A.
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
- Hurst
- County
- Tarrant
- State
- Texas
- Longitude
- -97.185702198715
- Latitude
- 32.857543408087
