6621 Fossil Blf Dr Fort Worth, TX 76137-6580
Property profile & analytics
6621 Fossil Blf Dr, Fort Worth, TX 76137-6580
- Turn key restaurants
- 7,304 SF
- 1.74 lot acres
Property ID
US82-1664840
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
- Landmark Bar & Kitchen / Bar & Pub / Restaurant
Property Details for 6621 Fossil Blf Dr
- Year built
- 2000
- Lot size
- 1.74 lot acres
- Property type
- Turn key restaurants
- APN
- 12752H-3-4R
- APU
- 12752H34R
Description
This exceptional investment opportunity presents the chance to acquire Landmark Bar & Kitchen, a thriving 7,304-square-foot restaurant located at 6621 Fossil Bluff Dr, Fort Worth, Texas 76137. The property boasts a prime location at the northeast quadrant of I-35 and Western Center Blvd in northern Fort Worth, offering excellent visibility and accessibility. Currently operating under a triple net (NNN) lease with a strong tenant, Landmark Bar & Kitchen, the lease commenced January 31, 2024, and extends for a total of 10 years, expiring January 31, 2034. The lease includes a base rent of $34 per square foot, with a 10% rent increase every five years. The property's Net Operating Income (NOI) is $248,336, resulting in a compelling 6.50% cap rate. The asking price is $3,819,600, translating to $566.54 per square foot. This investment benefits from a 1.75-acre lot size and is situated within a thriving area with a population of 103,101 within a 3-mile radius, a daytime population of 97,631, and average household incomes of $92,559. The tenant, Landmark Bar & Kitchen, is part of One Entertainment Group, a reputable restaurant group with a proven track record. The property's current occupancy is 100%. This is a rare opportunity to acquire a high-performing, established restaurant with a long-term lease in a desirable location. The property is zoned for bar/restaurant use. The lease includes two renewal options at market rate. Landmark Fw Holdings LLC serves as the guarantor.
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
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3119
- Latitude
- 32.8624
- 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
$39,231
$1,045,002
$804,998
$1,850,000
-
$1,045,002
$804,998
$1,850,000
