3809 E Belknap St Fort Worth, TX 76111
Property profile & analytics
3809 E Belknap St Fort Worth, TX 76111
- Drug stores
- 13,730 SF
- 1.52 lot acres
Property ID
US82-2865887
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- FedEx OnSite / Postal Service / Courier Service
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- Cardtronics ATM / Atm
Property Details for 3809 E Belknap St
- Year built
- 1997
- Lot size
- 1.52 lot acres
- Property size
- 13,730 SF
- Property type
- Drug stores
- APN
- 44803-1-1
- APU
- 4480311
Description
This exceptional investment opportunity presents a 13,823-square-foot retail building in Fort Worth, Texas, leased to Walgreens under a new 15.1-year absolute NNN lease commencing September 1, 2023, and expiring September 30, 2038. The lease includes twelve 5-year renewal options, each with a 5% rent increase. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $221,168. Located at 3809 E Belknap St, Fort Worth, TX 76111, this hard-corner location benefits from high visibility and traffic counts exceeding 31,000 vehicles per day. The property's strategic placement on a major commercial thoroughfare ensures excellent accessibility and exposure. Nearby businesses include Domino's Pizza, Sammies Bar-B-Q, El Rancho Supermercado, and a Walmart Shadowed Supercenter. The tenant, Walgreens (WBA), provides a corporate guarantee, offering significant financial security. This is a rare opportunity to acquire a high-quality, low-maintenance net lease investment with a blue-chip tenant in a thriving Texas market. The asking price is $3,686,133, representing a price per square foot of $266.67. The property is situated less than 10 minutes from downtown Fort Worth. This is a truly exceptional investment opportunity in a prime location with a long-term, secure lease. The state of Texas offers income tax-free benefits.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,680,000
- 6.5%
- $3,395,000
- 7%
- $3,155,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,501,000
Market price range: $819k - $2.75M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,210,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.292
- Latitude
- 32.7805
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,968
$662,740
$1,242,756
$1,905,496
-
$662,740
$1,242,756
$1,905,496
