For Sale
$3,686,133

3809 E Belknap St Fort Worth, TX 76111

Fort Worth Walgreens: Strong NNN Lease

Overview

Added:
Jan 27
Days on market:
91
This exceptional investment opportunity presents a 13,823-square-foot building in Fort Worth, Texas, leased to Walgreens (WBA) under a newly extended 15-year absolute NNN lease. The lease commenced in September 2023 and includes twelve 5-year option periods, each with a 5% rent increase. This translates to a significant, long-term, passive income stream with zero landlord responsibilities. The property boasts a prime location on a major commercial thoroughfare, benefiting from high visibility and traffic counts exceeding 31,000 vehicles per day. Its hard-corner location ensures excellent ingress and egress. The strong tenant, Walgreens, provides a corporate guarantee and an investment-grade credit rating (S&P BBB). The property's strategic location is further enhanced by its proximity to other established businesses, including Domino's Pizza, Sammies Bar-B-Q, El Rancho Supermercado, and a Walmart Shadowed Supercenter. Situated in Fort Worth, the fifth-largest city in Texas and a rapidly growing area, this asset offers a compelling combination of stability, strong cash flow, and significant long-term growth potential. The property is located in the 76111 zip code. The asking price is $3,686,133, representing a substantial return on investment in a tax-free state. This is an ideal addition to any diversified real estate portfolio.

Highlights

  • 13,823 sq ft Walgreens building in Fort Worth, TX, on a new 15-year NNN lease.
  • High-traffic location exceeding 31,000 vehicles per day, excellent visibility.
  • Strong tenant (Walgreens) with a lease featuring 5% rent increases every 5 years.

Property Details for 3809 E Belknap St

Property type
Retail properties, Investment properties
Square Feet
13,823 SF
Price / Square Foot
$266.67
Buildings
1
Stories
1
Elevators
N/A
Units
1
Net Operating Income
$221,168

Location Insight

City
Fort Worth
County
State
Texas

FAQs

What type of property is this?
Retail property - Fort Worth Walgreens: Strong NNN Lease
Where is the retail property located?
The property is located at 3809 E Belknap St Fort Worth, TX.
What is the asking price?
The asking price for this property is $3,686,133.
What are key features of this property?
This property features: 13,823 sq ft Walgreens building in Fort Worth, TX, on a new 15-year NNN lease.; High-traffic location exceeding 31,000 vehicles per day, excellent visibility.; Strong tenant (Walgreens) with a lease featuring 5% rent increases every 5 years.
How can I contact the broker?
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3809 E Belknap St
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