2820 Hemphill StFort Worth, TX 76110

For Sale
Call for price
High-yield salon property, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a beautifully renovated 5,724 square foot retail building situated at 2820 Hemphill Street in Fort Worth, Texas, 76110. The property, built in 1962 and extensively renovated in 2021, boasts a single-tenant occupancy of 100%, currently leased to a salon since December 1, 2021. The lease is a gross lease with a remaining term of 3.2 years, extending to January 31, 2029, offering a substantial 7.2-year lease term. The property features ample parking with 32 spaces and sits on a 22,500 square foot lot, zoned for commercial use. The building is a single-story structure with a pro-forma cap rate of 8.00%. Rent bumps are included at $0.50. This prime location offers convenient access to Texas Christian University (TCU), the Near Southside area, and the Medical District, ensuring strong tenant demand and potential for future appreciation. The property's strong lease guarantees and attractive financial metrics make it an ideal addition to any investment portfolio. APN: 02814676 02814668.

Highlights

  • 5,724 SF retail building in Fort Worth, TX, fully renovated in 2021.
  • 100% occupied by a salon under a gross lease expiring January 31, 2029 (7.2-year lease term).
  • Ample parking (32 spaces) on a 22,500 SF lot, commercially zoned.
  • 8.00% pro-forma cap rate with $0.50 rent bumps.
  • Prime location near TCU, Near Southside, and the Medical District.

Property Details for 2820 Hemphill St

Property type
Retail properties
Square Feet
5,724 SF
Year Built/Renovated
1962/2021
Buildings
1
Stories
1
Units
1

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.7105134
Longitude
-97.3319566
2820 Hemphill St, Fort Worth, Texas

FAQs

What type of property is this?
Retail property - High-yield salon property, strong lease.
Where is the retail property located?
The property is located at 2820 Hemphill St Fort Worth, TX.
What are key features of this property?
This property features: 5,724 SF retail building in Fort Worth, TX, fully renovated in 2021.; 100% occupied by a salon under a gross lease expiring January 31, 2029 (7.2-year lease term).; Ample parking (32 spaces) on a 22,500 SF lot, commercially zoned.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2820 Hemphill St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message