5100 Davis Blvd North Richland Hills, TX 76180-7005
Property profile & analytics
5100 Davis Blvd North Richland Hills, TX 76180-7005
- Drive through restaurants
- 2,142 SF
- 0.55 lot acres
Property ID
US83-4196359
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
- Drive through restaurants
Property Details for 5100 Davis Blvd
- Year built
- 2003
- Lot size
- 0.55 lot acres
- Property size
- 2,142 SF
- Property type
- Drive through restaurants
- APN
- 7440-18-1R
- APU
- 7440181R
Description
This exceptional investment opportunity presents a fee-simple interest in a freestanding Chicken Express restaurant in North Richland Hills, Texas. The property boasts a brand-new 15-year absolute NNN lease with three 5-year renewal options, ensuring long-term stability. The lease includes a 10% rent increase every five years, providing built-in protection against inflation and consistent NOI growth. Located on a prominent corner at Davis Blvd and Standley St, the 2,142 square foot building sits on a 0.55-acre lot with 17 parking spaces. The property benefits from high visibility and accessibility due to its proximity to Interstate 820 and State Highways 121 and 183, experiencing combined daily traffic of 378,000 vehicles. The strong demographics of the area, including a 5-mile radius population exceeding 284,000 with an average household income of $111,111, and the presence of nearby retail anchors like North East Mall (2,134,000 square feet) and Tarrant County College Northeast (12,000+ students), contribute to a robust consumer base. The property's Planned Development zoning and 2003 construction further enhance its value. With a 6.00% cap rate and a net operating income of $155,641, this is a compelling investment opportunity offering minimal landlord responsibilities and significant long-term potential. The asking price is $2,594,000, translating to $1,211.02 per square foot. The property's APN is 7440-18-1R.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- North Richland Hills
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2138
- Latitude
- 32.8399
- 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
$13,420
$315,388
$334,612
$650,000
-
$315,388
$334,612
$650,000
