8732 Harmon RdFort Worth, TX 76177

Property Details for 8732 Harmon Rd

Year built

2019

Lot size

1.81 AC

Property size (Sq ft)

10,791 SF

Property type

Auto shops

APN

32942M-A-7R5

APU

32942MA7R5

Description

This exceptional investment opportunity presents a fee-simple 12,617 square foot auto shop in Fort Worth, Texas. Built in 2019 as a corporate build-to-suit for Service First (now Sun Auto), this property boasts a 9.6-year remaining lease term with two 5-year options. The absolute triple-net (NNN) lease structure ensures zero landlord responsibilities, while a corporate guarantee from Sun Auto provides significant security. The property sits on a 78,844 square foot lot and enjoys a 6.08% cap rate with a current NOI of $372,947. The lease includes 10% rent increases every five years. Located in a thriving retail area near major retailers like Costco, Target, and Ross, this property benefits from excellent demographics and high traffic counts. The property's strategic location within the Dallas-Fort Worth metroplex, coupled with its strong tenant and favorable lease terms, makes it an ideal investment for discerning buyers. The asking price is $6,132,250, translating to $486.03 per square foot. This single-story building offers a compelling combination of stability, growth potential, and passive income generation. The property's prime location in a high-growth area of Fort Worth ensures long-term value and strong rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $3,005,668

  6.5%

  $2,774,463

  7%

  $2,576,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,141,585

  Geo Method

  $3,271,900

• Alternative Use

  Use

  Valuation

  Residential

  $2,340,363

  Hospitality

  $2,143,760

  Educational

  $1,783,583

  Medical

  $1,844,924

  Retail

  $2,774,463

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.9014

Longitude

-97.3308

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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