7432 Denton HwyWatauga, TX 76148

Property Details for 7432 Denton Hwy

Year built

2002

Lot size

1.19 AC

Property size (Sq ft)

5,095 SF

Property type

Turn key restaurants

APN

17388-1-3

APU

1738813

Description

This exceptional retail property, located at 7432 Denton Highway in Watauga, Texas, presents a unique investment opportunity. The 1.19-acre lot houses a well-established restaurant, benefiting from a high-traffic location on a busy road with over 33,000 vehicles passing daily. Built in 2002 and extensively renovated in 2021, the property boasts a modern interior featuring a new alarm system, fresh paint, updated lighting, new fixtures, and new booths. The roof, replaced in 2021, is the landlord's sole responsibility. The current lease agreement offers 5 years remaining on a 15-year term, with two additional 5-year options available. This turnkey operation is situated in the Northern Fort Worth area, within Tarrant County, and carries an asking price of $2,099,900. The property's zip code is 76148. This presents a compelling opportunity for investors seeking a stable, high-return investment in a thriving commercial area. The property type is retail.

• CAP approach

  CAP return

  Valuation

  6%

  $1,419,134

  6.5%

  $1,309,970

  7%

  $1,216,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,483,308

  Geo Method

  $3,371,493

• Alternative Use

  Use

  Valuation

  Residential

  $1,105,009

  Hospitality

  $1,012,182

  Educational

  $842,124

  Medical

  $871,086

  Retail

  $1,309,970

Location Insight

City

Watauga

County

Tarrant

State

Texas

Latitude

32.8792

Longitude

-97.2606

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].