850 Loop 820, Fort Worth, TX 76112-1796

Property Details for 850 Loop 820

Year built

1988

Lot size

4.71 lot acres

Property type

Grocery and convenience stores

APN

47534-2-1R3

APU

4753421R3

Description

This exceptional investment opportunity presents a fee-simple interest in a 58,400 square foot Albertsons grocery store located at 850 E Loop 820, Fort Worth, TX 76112. The property sits on a 4.89-acre lot and boasts a strong location with high visibility, benefiting from over 123,000 vehicles daily on Interstate 820. Built in 1988, this single-tenant, absolute NNN property features a credit-rated Albertsons tenant under a 20-year lease commencing July 1, 2019, and expiring June 30, 2039, with eight 5-year renewal options. The lease includes fixed 7.5% rent increases every five years, providing a hedge against inflation. The property offers a compelling 5.20% cap rate and a Net Operating Income (NOI) of $670,003, with an asking price of $12,885,000 ($220.63/sq ft). The property is offered free and clear of existing debt, making it an ideal 1031 exchange opportunity. Albertsons, a Fortune 500 company and the second-largest grocery chain in the nation, demonstrates exceptional financial strength and consistent year-over-year growth, with sales exceeding $500 per square foot at this location. The property's location within a densely populated area (approximately 230,753 people within a five-mile radius) and its proximity to complementary businesses further enhances its investment appeal. This is a rare opportunity to acquire a high-performing, low-maintenance, and recession-resistant asset in a prime location.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Longitude

-97.2146

Latitude

32.7674

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments