5516 Denton Hwy Fort Worth, TX 76148

Property Details for 5516 Denton Hwy

Year built

2020

Lot size

1.34 lot acres

Property size

2,995 SF

Property type

Drive through restaurants

APN

4100-1-B1R1

APU

41001B1R1

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.

Location Insight

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

Property Tax & Assessments