3809 E Belknap St Fort Worth, TX 76111

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.

Location Insight

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