For Sale
$5,884,210

3100 Golden Triangle BlvdFort Worth, TX 76244

High-yield, single-tenant RaceTrac.

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional investment opportunity presents a single-tenant, absolute NNN leased RaceTrac convenience store and gas station. The property, built in 2016, boasts 6,000 square feet of retail space and 18 fueling positions under canopy, situated on a 2.3-acre lot at 3100 Golden Triangle Boulevard in Fort Worth, Texas. This prime location benefits from high visibility at the southeast quadrant of Interstate 35W and Golden Triangle Boulevard, adjacent to major traffic generators including Texas Health Harris Methodist Hospital Campus and LifeTime Fitness. Numerous other businesses are nearby, including other restaurants, retail, and healthcare facilities. The property is part of the AllianceTexas development, a thriving 27,000-acre master-planned community with over 560 companies and 63,000 jobs, contributing significantly to the North Texas economy. The current lease with RaceTrac, a leading convenience store operator with over 660 locations, has a remaining term of 9 years and includes rent increases every 5 years. The property offers a strong net operating income (NOI) of $279,510, resulting in a 4.75% cap rate. This is a 100% occupied, management-free investment with significant upside potential in a rapidly growing area of Fort Worth, the 13th largest city in the U.S. The asking price is $5,884,210, representing a price per square foot of $980.70. This offering is ideal for 1031 exchange investors seeking a passive, high-yield investment with a strong tenant and excellent location.

Highlights

  • Single-tenant, absolute NNN leased RaceTrac convenience store and gas station.
  • Built in 2016, 6,000 square feet of retail space and 18 fueling positions.
  • 2.3-acre lot with high visibility at I-35W and Golden Triangle Blvd in Fort Worth, TX.
  • 9-year remaining lease with rent increases every 5 years.
  • Texas location offers tax advantages.

Property Details for 3100 Golden Triangle Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
6,000 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
100,188 SF
Units
1

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.9326495
Longitude
-97.3128854
3100 Golden Triangle Blvd, Fort Worth, Texas

FAQs

What type of property is this?
Retail property - High-yield, single-tenant RaceTrac.
Where is the retail property located?
The property is located at 3100 Golden Triangle Blvd Fort Worth, TX.
What is the asking price?
The asking price for this property is $5,884,210.
What are key features of this property?
This property features: Single-tenant, absolute NNN leased RaceTrac convenience store and gas station.; Built in 2016, 6,000 square feet of retail space and 18 fueling positions.; 2.3-acre lot with high visibility at I-35W and Golden Triangle Blvd in Fort Worth, TX.
How can I contact the broker?
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3100 Golden Triangle Blvd
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