8651 Anderson Blvd Fort Worth, TX 76120-3895

Property Details for 8651 Anderson Blvd

Year built

2000

Lot size

0.73 lot acres

Property size

2,909 SF

Property type

Drive through restaurants

APN

10620-12-3A

APU

10620123A

Description

This exceptional investment opportunity presents a single-tenant, 2,905 square foot Starbucks drive-thru located at 8651 Anderson Blvd, Fort Worth, TX 76120. The property, built in 2001 and renovated in 2024, sits on a 0.74-acre lot and benefits from a strong 10.1-year lease (commencing January 22, 2024 and expiring February 28, 2034) with a corporate guarantee from Starbucks, an investment-grade tenant. The lease includes 10% rent bumps every five years and four or five-year option periods. The current net operating income (NOI) is $163,000, resulting in a 5.00% cap rate. This strategically positioned property is an outparcel to a Walmart Supercenter and Sam's Club, across from Lowe's, and near the Eastchase Market shopping mall, boasting numerous national retailers. The property enjoys high visibility due to its location on the hard corner of Anderson Blvd and Eastchase Pkwy, with approximately 26,955 vehicles per day passing by, and proximity to I-30 (approximately 134,174 vehicles per day). The surrounding area features strong demographics, including an average household income of $105,038 and a population of 76,561 within a three-mile radius. Furthermore, the property's proximity to The University of Texas at Arlington (approximately 12 minutes away), Texas Health Arlington Memorial Hospital, and major sporting venues adds to its appeal. This is a rare opportunity, as Starbucks maintains the common area, making it a truly hands-off investment.