8724 Benbrook BlvdBenbrook, TX 76126

Property Details for 8724 Benbrook Blvd

Year built

2017

Lot size

0.27 AC

Property size (Sq ft)

2,070 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,070 square foot Kwik Kar franchise in Benbrook, Texas. Located on Benbrook Boulevard, this single-story, 2017-built building sits on a 0.27-acre lot and enjoys a prominent outparcel position adjacent to a Walmart Supercenter, ensuring high visibility and consistent customer traffic. The property boasts a 15-year absolute NNN lease with a franchisee tenant, featuring 10% rent increases every five years and four, five-year lease options. The current lease term has 15 years remaining. The property generates a substantial net operating income (NOI) of $138,000, resulting in a compelling 6.25% cap rate. The asking price is $2,208,000, translating to a price per square foot of $1,066.67. Benefiting from a strong, affluent demographic base within a 5-mile radius (over 148,388 people) and a 10-mile radius (over 538,580 people), this Kwik Kar location is one of the top-performing three-bay oil and lube facilities in Texas. The location is further enhanced by a Tarrant County moratorium on new oil/lube building construction, limiting competition. The tenant plans building renovations in Fall 2024. This investment offers significant tax advantages, including potential bonus depreciation benefits. The property is located in Texas, a state without state income tax.

Location Insight

City

Benbrook

County

Tarrant

State

Texas

Latitude

32.6783

Longitude

-97.4654

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