9967 Blue Mound RdFort Worth, TX 76131

Property Details for 9967 Blue Mound Rd

Year built

2023

Lot size

1.56 AC

Property size (Sq ft)

11,473 SF

Property type

Grocery and convenience stores

APN

34234-31-6

APU

34234316

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,195,629

  6.5%

  $2,949,811

  7%

  $2,739,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,340,136

  Geo Method

  $3,478,687

• Alternative Use

  Use

  Valuation

  Residential

  $2,488,276

  Hospitality

  $2,279,248

  Educational

  $1,896,307

  Medical

  $1,961,524

  Retail

  $2,949,811

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.9139

Longitude

-97.3495

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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