For Sale
$1,490,000

1501 Bankhead HwyWeatherford, TX 76086

Texas Grocery Store - Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 9,240 square foot Dollar General located at 1501 W Bankhead Hwy, Weatherford, TX 76086. The property boasts a strong 6.00% cap rate and a compelling $1,490,000 asking price, translating to $161.26 per square foot. The single-tenant, absolute NNN lease with Dollar General Corporation guarantees minimal landlord responsibilities, encompassing roof, structure, and parking lot maintenance. The lease, initiated on April 14, 2014, has a remaining term of approximately 4.4 years, followed by three to five-year renewal options with a 10% rent increase per option period. The property sits on a 1.552-acre lot, providing ample parking for 30 vehicles. Built in 2015, this Class B building is situated in a high-traffic location at the intersection of a major local road and a US Highway, benefiting from significant vehicular visibility. The property's C-1 Commercial zoning ensures flexibility and future development potential. Weatherford's rapid growth, coupled with Parker County's position as one of the fastest-growing counties nationally, further enhances the investment's long-term prospects. The substantial net operating income (NOI) of $89,460 underscores the property's financial strength and makes it an attractive addition to any portfolio. This sale-leaseback opportunity offers a secure and profitable investment with a nationally recognized tenant.

Property Details for 1501 Bankhead Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,240 SF
Class
B
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
67,605 SF
Units
1

Location Insight

City
Weatherford
County
Parker
State
Texas
Latitude
32.7610251
Longitude
-97.8251102
1501 Bankhead Hwy, Weatherford, Texas

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1501 Bankhead Hwy
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