For Sale
$1,583,000

3416 Tx-114Fort Worth, TX 76177

High-growth QSR, absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 649 square foot Salad and Go restaurant in Fort Worth, Texas. Built in 2024, this single-tenant property boasts a 100% occupancy rate with a long-term, absolute NNN ground lease. The lease includes a significant advantage: 10% rental escalations every five years, providing a strong hedge against inflation. The property's strategic location as a pad site within The Champions Circle mixed-use development in Denton County ensures high visibility and substantial traffic. The $1,583,000 asking price translates to a compelling $2,439.14 per square foot, with a current NOI of $95,000 and a 6.00% cap rate. The 0.51-acre lot features a convenient drive-thru lane, enhancing operational efficiency and customer convenience. This investment benefits from the rapidly expanding Salad and Go brand, which experienced a remarkable 166.3% increase in annual sales in 2022. The property's location within a regional trade area encompassing Tarrant, Denton, and Wise counties further strengthens its investment potential. The absence of state income tax in Texas adds to the overall financial attractiveness of this opportunity. This is a passive income investment with built-in growth potential. The lease commenced May 1st, 2024.

Highlights

  • High-quality 2024 construction with drive-thru.
  • Long-term, absolute NNN ground lease with 10% rental escalations every five years.
  • Located in a regional trade area encompassing Tarrant, Denton, and Wise counties, Texas.
  • Rapidly growing Salad and Go tenant with significant sales growth (166.3% increase in 2022).
  • Pad site within The Champions Circle mixed-use development, providing high traffic volume.
  • Texas offers no state income tax.

Property Details for 3416 Tx-114

Property type
Retail properties
Square Feet
649 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Fort Worth
County
Denton
State
Texas
Latitude
33.02615872391
Longitude
-97.286666956934
3416 Tx-114, Fort Worth, Texas

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3416 Tx-114
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