7432 Denton Hwy Watauga, TX 76148-1242
This exceptional retail property, located at 7432 Denton Highway in Watauga, Texas, presents a unique investment opportunity. The 1.19-acre lot houses a well-established restaurant, benefiting from a high-traffic location on a busy road with over 33,000 vehicles passing daily. Built in 2002 and extensively renovated in 2021, the property boasts a modern interior featuring a new alarm system, fresh paint, updated lighting, new fixtures, and new booths. The roof, replaced in 2021, is the landlord's sole responsibility. The current lease agreement offers 5 years remaining on a 15-year term, with two additional 5-year options available. This turnkey operation is situated in the Northern Fort Worth area, within Tarrant County, and carries an asking price of $2,099,900. The property's zip code is 76148. This presents a compelling opportunity for investors seeking a stable, high-return investment in a thriving commercial area. The property type is retail.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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