For Sale
$6,700,000

9967 Blue Mound RdFort Worth, TX 76131

Six-tenant NNN, high-growth market.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 12,002 square foot, multi-tenant retail investment property, built in 2024, is situated on a 1.56-acre lot at 9967 Blue Mound Rd, Fort Worth, TX 76131, in the thriving Dallas-Fort Worth MSA. The property boasts a strong mix of six internet-resistant tenants, including Jersey Mike's Subs, Taco Bueno, ProSmiles Dental, Blue Mound Nail Spa, Mynt Barbershop, and Blue Mound Liquor, all operating under long-term 10-year NNN leases with no rollover until 2034. These leases include favorable annual rent increases averaging over 2%, offering excellent inflation protection. The property generates a substantial NOI of $435,257, representing a 6.50% cap rate on the $6,700,000 asking price. Located in a high-growth area with a dense, affluent population, the property benefits from strong demographics: 210,009 people within a 5-mile radius, with an average household income of $121,845. The area experienced a remarkable 370% population growth between 2010 and 2020. The Dallas-Fort Worth MSA consistently ranks among the top three US metro areas for business expansion, relocation, and employment growth, further solidifying this investment's potential. The property's location within Tarrant County, Texas, offers the added benefit of no state income tax. This is a turnkey investment opportunity in a prime location with exceptional growth prospects. The property features a drive-thru for added convenience. APN: 34234-31-6.

Highlights

  • New construction, six-tenant NNN retail investment with drive-thru in affluent North Fort Worth. Tenants include Jersey Mike's, Taco Bueno, ProSmiles Dental, Blue Mound Nail Spa, Mynt Barbershop, and Blue Mound Liquor.
  • All tenants have long-term 10-year leases with no rollover until 2034.
  • Leases include favorable annual rent increases averaging over 2%, offering inflation protection.
  • Located in Texas, a state with no income tax.
  • Strong demographics: 210,009 people within 5 miles, average household income $121,845; 370% population growth (2010-2020) within 5 miles; high barriers to entry.
  • Located in the Dallas-Fort Worth MSA, a top-3 US metro area for business expansion and job growth; largest Texas metro area (fourth-largest in US); experienced the largest population growth among US metro areas in 2023; significant job growth due to corporate relocations and expansions (nearly 100,000 new jobs annually); #1 concentration of Fortune 500 companies.

Property Details for 9967 Blue Mound Rd

Property type
Retail properties, Retail space
Year Built
2024
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.913920945795
Longitude
-97.348883825841
9967 Blue Mound Rd, Fort Worth, Texas

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9967 Blue Mound Rd
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