3100 Golden Triangle Blvd Fort Worth, TX 76177-7101

Property Details for 3100 Golden Triangle Blvd

Year built

2016

Lot size

2.39 lot acres

Property size

6,264 SF

Property type

Grocery and convenience stores

APN

414V-1-1

APU

414V11

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased RaceTrac convenience store and gas station. The property, built in 2016, boasts 6,000 square feet of retail space and 18 fueling positions under canopy, situated on a 2.3-acre lot at 3100 Golden Triangle Boulevard in Fort Worth, Texas. This prime location benefits from high visibility at the southeast quadrant of Interstate 35W and Golden Triangle Boulevard, adjacent to major traffic generators including Texas Health Harris Methodist Hospital Campus and LifeTime Fitness. Numerous other businesses are nearby, including other restaurants, retail, and healthcare facilities. The property is part of the AllianceTexas development, a thriving 27,000-acre master-planned community with over 560 companies and 63,000 jobs, contributing significantly to the North Texas economy. The current lease with RaceTrac, a leading convenience store operator with over 660 locations, has a remaining term of 9 years and includes rent increases every 5 years. The property offers a strong net operating income (NOI) of $279,510, resulting in a 4.75% cap rate. This is a 100% occupied, management-free investment with significant upside potential in a rapidly growing area of Fort Worth, the 13th largest city in the U.S. The asking price is $5,884,210, representing a price per square foot of $980.70. This offering is ideal for 1031 exchange investors seeking a passive, high-yield investment with a strong tenant and excellent location.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Longitude

-97.3127

Latitude

32.9328

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments