5516 Denton Hwy, Fort Worth, TX 76148
- Drive through restaurants
- 2,995 SF
- 1.34 lot acres
Current Use by Public Records
- Chicken Express / Restaurant / Take-out & Catering
Property Details for 5516 Denton Hwy
- Year built
- 2020
- Lot size
- 1.34 lot acres
- Property type
- Drive through restaurants
- APN
- 4100-1-B1R1
- APU
- 41001B1R1
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 20, 2019 | — | Randy Broyles | — | Deed · related | $925k · Plainscapital Bk |
| May 23, 2019 | — | Randy Broyles | Us Highway 377 Jv | Grant Deed · related | — |
| Nov 8, 2004 | — | Racetrac Petroleum INC | Us Highway 377 | Grant Deed · related | — |
| — | — | Randy Broyles | — | Deed Of Trust · related | $925k · Plainscapital Bk |
| — | — | Us Highway 377 Jv | — | Deed Of Trust · related | $185k · Texas Brand Bk |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,995 square foot Chicken Express restaurant in Haltom City, Texas. Built in 2020, this property boasts a 100% occupancy rate with a 15-year sale-leaseback agreement featuring three 5-year renewal options. The absolute NNN lease ensures zero landlord responsibilities, providing a passive income stream with scheduled 10% rent increases every five years, effectively hedging against inflation. The property sits on a 1.34-acre lot with 40 parking spaces and benefits from a prime location on Denton Highway (41,500 VPD) with convenient access to Interstate 820 (168,700 VPD). This high-traffic area is further enhanced by its proximity to major retail centers like Value Center (618,000 SF) and The Shoppes at Crown Point (178,000 SF), anchored by national retailers. The strong demographics of the 5-mile trade area, with a population exceeding 289,100 and an average household income of $108,081, contribute to the property's exceptional investment potential. The property's NOI is $171,633, resulting in a 6.00% cap rate, and is zoned C-2 Commercial. This is a turnkey investment with significant upside potential. The asking price is $2,861,000, offering a compelling price per square foot of $955.26. The property's APN is 4100-1-B1R1.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2631
- Latitude
- 32.8463
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
