8428 Denton Hwy Watauga, TX 76148
Property profile & analytics
8428 Denton Hwy Watauga, TX 76148
- Individual retail properties
- 56,346 SF
- 6.62 lot acres
Property ID
US82-6667640
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
- Individual retail properties
Property Details for 8428 Denton Hwy
- Year built
- 1998
- Lot size
- 6.62 lot acres
- Property size
- 56,346 SF
- Property type
- Individual retail properties
- APN
- 5969--2
- APU
- 59692
Description
This exceptional investment opportunity presents a 61,110-square-foot Fitness Connection storefront in Watauga, Texas. Boasting a strong 8.00% cap rate and a substantial net operating income (NOI) of $787,097, this property offers a secure, passive income stream. The absolute NNN lease with a corporate guarantee ensures minimal landlord responsibilities, with the tenant covering all taxes, insurance, and common area maintenance. The lease, commencing May 1, 2019, and expiring September 30, 2034, has approximately 9.9 years remaining, providing long-term stability. Rent bumps of approximately 5% per option further enhance the investment's potential. Situated on a 6.62-acre lot at the highly visible intersection of Denton Hwy and N Tarrant Pkwy (approximately 63,000 vehicles per day), this location benefits from proximity to major retailers including The Home Depot, Target, Walmart, and a planned H-E-B grocery store. The property, built in 1998 and renovated in 2018, is part of a thriving retail corridor with high average household incomes ($144,000 within a 1-mile radius). Fitness Connection, a leader in the fitness industry with over 40 locations, occupies the entire space at 100% occupancy. The asking price is $9,838,712, translating to $161 per square foot. Texas's favorable tax environment, without state income or investment taxes, adds further appeal to this compelling investment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $840,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,205,000
Market price range: $917k - $2.44M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Watauga
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2571
- Latitude
- 32.8934
- 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
$93,301
$1,874,074
$2,633,606
$4,507,680
-
$1,874,074
$2,633,606
$4,507,680
