For Sale
$6,132,250

8732 Harmon RdFort Worth, TX 76177

High-return NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple 12,617 square foot auto shop in Fort Worth, Texas. Built in 2019 as a corporate build-to-suit for Service First (now Sun Auto), this property boasts a 9.6-year remaining lease term with two 5-year options. The absolute triple-net (NNN) lease structure ensures zero landlord responsibilities, while a corporate guarantee from Sun Auto provides significant security. The property sits on a 78,844 square foot lot and enjoys a 6.08% cap rate with a current NOI of $372,947. The lease includes 10% rent increases every five years. Located in a thriving retail area near major retailers like Costco, Target, and Ross, this property benefits from excellent demographics and high traffic counts. The property's strategic location within the Dallas-Fort Worth metroplex, coupled with its strong tenant and favorable lease terms, makes it an ideal investment for discerning buyers. The asking price is $6,132,250, translating to $486.03 per square foot. This single-story building offers a compelling combination of stability, growth potential, and passive income generation. The property's prime location in a high-growth area of Fort Worth ensures long-term value and strong rental income.

Highlights

  • Corporate headquarters for Service First (now Sun Auto), built-to-suit in 2019.
  • Fee-simple ownership in a prime Fort Worth, TX location.
  • Absolute NNN lease; zero landlord responsibilities.
  • Ten-year primary lease term remaining, plus two five-year options with 10% rent increases every five years.
  • Excellent demographics, strong retail synergy, and high traffic counts.

Property Details for 8732 Harmon Rd

Property type
Retail properties, Auto shops
Square Feet
12,617 SF
Year Built
2019
Buildings
1
Stories
1
Units
1

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.901570002885
Longitude
-97.33090608233
8732 Harmon Rd, Fort Worth, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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 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 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].
8732 Harmon Rd
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