2250 Precinct Line RdHurst, TX 76054

Property Details for 2250 Precinct Line Rd

Year built

2023

Lot size

0.43 AC

Property size (Sq ft)

827 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 827-square-foot Salad and Go restaurant in Hurst, Texas, within the DFW MSA. The property boasts a 20-year absolute NNN lease, commencing November 1, 2023, and expiring November 1, 2043, with three 5-year renewal options. The lease includes a corporate guarantee from a rapidly expanding national chain, providing significant security. Rental increases of 10% every five years are built into the lease, offering protection against inflation and consistent NOI growth. The current NOI stands at $100,000, yielding a 6.00% cap rate on the $1,667,000 asking price. Situated on a 0.43-acre lot with 89 parking spaces, the property is strategically located as an outparcel to a Lowe's Home Improvement store, benefiting from high visibility and significant traffic. The property is in the General Business District (GB) zoning and features a double drive-thru, enhancing customer convenience. The location is less than two miles from North East Mall, a major shopping center, and is surrounded by other national retailers, including Walmart, Target, and Home Depot. The strong demographics of the 5-mile trade area, with over 278,800 residents and 105,700 employees, and an average household income of $130,672 within a 1-mile radius, further solidify this investment's potential. This is a truly passive investment opportunity with zero landlord responsibilities. The property's APN is 24365--3A.

Location Insight

City

Hurst

County

Tarrant

State

Texas

Latitude

32.8575

Longitude

-97.1857

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].