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Property profile & analytics
OFF-MARKET Estimated value $465,000
Turn key restaurants

7432 Denton Hwy Watauga, TX 76148-1242

5,095 SF 1.19 ac lot Built 2002
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2110580
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2002
Total area 5,095 SF
Lot 1.19 ac (51,967 SF)
APN 17388-1-3
UPID US82-2110580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k
Owner & transaction history
Raymond Garcia Construction INC · 12 yrs held
Raymond Garcia Construction INC
since 2014
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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