For Sale
$5,692,246

2820 Sylvania AveFort Worth, TX 76111

72,651 SF Warehouse, 6.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 72,651-square-foot warehouse in Fort Worth, Texas, presents a compelling investment opportunity. Located at 2820 N Sylvania Ave, 76111, this single-tenant property boasts a 100% occupancy rate with a strong, triple-net (NNN) lease in place. The current asking price is $5,692,246, yielding a 6.50% cap rate and a substantial net operating income (NOI) of $369,996. The property offers below-market rental rates with four two-year lease extension options, each including Fair Market Value (FMV) adjustments, providing significant upside potential for future income growth. Its strategic location near I-35W ensures excellent access to major transportation corridors within the Dallas-Fort Worth metropolitan area, while its proximity to Fort Worth Meacham International Airport further enhances its appeal. The low price per square foot compared to similar assets makes this a highly competitive investment in a thriving market. The NNN lease structure minimizes operational responsibilities for the owner, providing a hands-off investment with tenant-funded expenses, including maintenance, taxes, and insurance. This property is an ideal choice for investors seeking a low-maintenance, high-return asset with substantial long-term growth prospects.

Highlights

  • Low price per square foot (PSF) compared to similar DFW assets, offering strong value for investors.
  • Below-market rents with four two-year lease extension options and market value adjustments.
  • Excellent location near I-35W, providing strong connectivity and tenant demand.
  • Triple-Net (NNN) lease with tenant-funded expenses, offering passive income and minimal owner responsibilities.
  • Less than five miles from Fort Worth Meacham International Airport, ideal for businesses needing air transport access.

Property Details for 2820 Sylvania Ave

Property type
Warehouses, Industrial properties
Square Feet
72,651 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.795992670643
Longitude
-97.308070629384
2820 Sylvania Ave, Fort Worth, Texas

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2820 Sylvania Ave
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