8304 Cp Bowie W Blvd Fort Worth, TX 76116-6320
- Retail space
- 1,922 SF
- 0.40 lot acres
Oct 01, 2024
Current Use by Public Records
- Wellshire Financial Services / Financial Planner
- Loanstar Title Loans / Loan Agency
Property Details for 8304 Cp Bowie W Blvd
- Year built
- 1968
- Lot size
- 0.40 lot acres
- Property size
- 1,922 SF
- Property type
- Retail space
- APN
- 46065-2-1R
- APU
- 4606521R
Description
This exceptional investment opportunity presents a fee-simple ownership of a 1,922 square foot retail property located at 8304 Camp Bowie W Blvd, Fort Worth, Texas 76116. The property is currently 100% occupied by Loan Star Title Loans, a brand of Select Management Resources (SMR), under a triple-net (NNN) lease. The lease commenced October 1, 2024, and extends for a substantial 20-year term, expiring October 1, 2044. The lease includes a crucial 3% annual rent increase, ensuring consistent growth in rental income. The property boasts a strong net operating income (NOI) of $47,175, resulting in an attractive 6.25% capitalization rate. SMR, a significant player in the title loan industry with over 425 locations across 20 states, provides a corporate guarantee for the lease, mitigating tenant risk. The 0.4-acre lot offers ample space for the existing convenience store, QSR/fast food, and storefront operations. This is a passive income investment with no landlord responsibilities beyond collecting rent. The asking price is $754,800. This presents a rare opportunity to acquire a long-term, stable, and appreciating retail investment in a tax-free state.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4592
- Latitude
- 32.7245
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA