3501 Hulen StFort Worth, TX 76107

  • Drive through restaurants
  • 4,800 SF
For Sale
$3,250,000 View listing

Property Details for 3501 Hulen St

Year built
2019
Lot size
0.30 AC
Property size (Sq ft)
4,800 SF
Property type
Drive through restaurants
APN
40880----3----1---20
APU
408803120

Description

This exceptional net lease investment opportunity presents a 5,000-square-foot, single-tenant building located at 3501 Hulen St, Fort Worth, TX 76107. The property, built in 2019 and situated on approximately one acre of land, boasts a 5.70% cap rate and a strong net operating income (NOI) of $185,321. Currently operating at 100% occupancy, this restaurant offers a compelling investment with a price of $3,250,000 ($650 per square foot). The property benefits from ample parking and a strategic location off Hulen Street, seconds from I-30, and minutes from Downtown Fort Worth and Texas Christian University. Its proximity to major shopping centers like Clearfork, Trinity Commons, and Chapel Hill Shopping Center further enhances its appeal. The experienced operator has a proven track record with other successful concepts. This is a single-tenant, triple-net (NNN) lease building representing a secure and profitable investment opportunity in a thriving Texas market. The building is a one-story structure.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,943,893
    6.5%
    $1,794,363
    7%
    $1,666,194
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,181,721
    Geo Method
    $3,621,422
  • Alternative Use

    Use
    Valuation
    Residential
    $1,513,612
    Hospitality
    $1,386,461
    Educational
    $1,153,519
    Medical
    $1,193,190
    Retail
    $1,794,363

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.7259
Longitude
-97.3876
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,722
$172,146
$1,297,201
$1,469,347
-
$172,146
$1,297,201
$1,469,347

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