495 Winscott RdBenbrook, TX 76126

For Sale
$6,525,000
Industrial Flex Space, High NOI, Strong Lease

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 31,393 square foot flex building in Benbrook, Texas, presents a compelling investment opportunity. Located at 495 Winscott Rd, Fort Worth, TX 76126, this two-story, 100% occupied property boasts a strong 7.49% cap rate and a substantial net operating income (NOI) of $489,024. The property features a triple-net (NNN) lease with a credit-rated tenant, minimizing landlord responsibilities. The current lease, commencing June 6, 2018, and expiring October 31, 2028, has a remaining term of 3.9 years, with a built-in 3.75% annual rent bump after year six and a one-time five-year lease option. Situated on a 3.67-acre lot in a highly desirable industrial zone (H - Industrial), the building benefits from convenient access to Interstates 20 and 820, major transportation arteries. The property's location within a dense industrial and office area, free from restrictive zoning, further enhances its value. Adjacent to the significant Chisolm Twenty Industrial Development (917,374 sq ft), this asset offers significant potential for future expansion, with adjacent land available for purchase. Built in 1982, this property offers a solid return on investment with a price per square foot of $207.85 and an asking price of $6,525,000.

Highlights

  • Triple Net (NNN) Lease: Tenant responsible for taxes, insurance, and CAM charges.
  • 6% Annual Rent Increases After Year 6, with a 5-Year Renewal Option.
  • Excellent Highway Access: Conveniently located near Interstates 20 and 820.
  • Prime Industrial Location: Situated in a high-density industrial and office area with flexible zoning (H-Industrial).
  • Expansion Potential: Adjacent land available for purchase to accommodate future growth.
  • Strategic Proximity: Near the large Chisolm Twenty Industrial Development (917,374 SF).

Property Details for 495 Winscott Rd

Property type
Industrial properties, Flex space
Square Feet
31,393 SF
Year Built
1982
Stories
2
Lot Size (sq. ft)
159,865 SF

Location Insight

City
Benbrook
County
Tarrant
State
Texas
Latitude
32.688943
Longitude
-97.4488686
495 Winscott Rd, Benbrook, Texas

FAQs

What type of property is this?
Industrial property - Industrial Flex Space, High NOI, Strong Lease
Where is the industrial property located?
The property is located at 495 Winscott Rd Benbrook, TX.
What is the asking price?
The asking price for this property is $6,525,000.
What are key features of this property?
This property features: Triple Net (NNN) Lease: Tenant responsible for taxes, insurance, and CAM charges.; 6% Annual Rent Increases After Year 6, with a 5-Year Renewal Option.; Excellent Highway Access: Conveniently located near Interstates 20 and 820.
How can I contact the broker?
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495 Winscott Rd
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