2405 Main St Fort Worth, TX 76164-8520
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 4,620 square foot retail storefront in Fort Worth, Texas. Currently 100% occupied by Boot Barn under a new 10-year Net Lease (NN) commencing October 1, 2024, and expiring September 30, 2034, with three 5-year renewal options. The lease includes 2% annual rent increases, ensuring consistent NOI growth and inflation protection. The property boasts a strong 6.00% cap rate and a current NOI of $145,530. Located at a signalized intersection on North Main Street, a major retail thoroughfare, this property benefits from high visibility and exceptional access. The site is strategically positioned near the Fort Worth Stockyards, a major tourist attraction undergoing a significant redevelopment, and is surrounded by a dense retail corridor with numerous national tenants, including a Walmart Supercenter, Target-anchored Montgomery Plaza, and Fort Worth Stockyards Station. The property's 0.2-acre lot is zoned for mixed use. Built in 1916 and renovated in 1980, this single-story building offers a compelling investment opportunity in a high-growth area with a strong demographic profile. The 5-mile trade area boasts a population exceeding 224,800, an average household income of $94,671, and over 203,000 employees. Limited landlord responsibilities make this an ideal low-management investment. The property's APN is 12600-20-1R2. Asking price is $2,426,000.
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Lazy J Ranch Wear - Fort Worth Stockyards Boutique Hat Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.