6744 Loop 820Fort Worth, TX 76135

Property Details for 6744 Loop 820

Year built

2023

Lot size

2.02 AC

Property size (Sq ft)

4,743 SF

Property type

Turn key restaurants

APN

23557M-2-1R3A

APU

23557M21R3A

Description

This exceptional investment opportunity presents a brand-new, 4,694 square foot Outback Steakhouse located in Fort Worth, Texas. The property sits on a 2.02-acre lot with ample parking (105 spaces) and boasts a 15-year absolute NNN ground lease commencing May 21, 2024, and expiring May 31, 2039, with four 5-year renewal options. The lease includes 10% rent bumps every five years, providing a strong hedge against inflation. The tenant, Outback Steakhouse, is backed by a corporate guarantee from Bloomin' Brands, Inc., a financially stable company with a significant presence in the restaurant industry. The property features a modern design and is situated in a high-traffic area with excellent demographics, including over 171,000 people within a 5-mile radius and an average household income exceeding $107,000 annually. The location benefits from proximity to major roadways (NW Loop 820 and Quebec Street), a Target-anchored shopping center, and Lockheed Martin's Aeronautics Headquarters. The property's strong tenant, long lease term, built-in rent increases, and prime location make it an attractive investment with a current NOI of $194,000 and a 5.00% cap rate. The asking price is $3,880,000, representing a price per square foot of $826.59. This fee-simple ownership opportunity is ideal for investors seeking a stable, high-performing asset in a desirable Texas market. The property is zoned commercial and was built in 2024. The APN is 42230649.

• CAP approach

  CAP return

  Valuation

  6%

  $1,321,090

  6.5%

  $1,219,468

  7%

  $1,132,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,380,830

  Geo Method

  $3,578,417

• Alternative Use

  Use

  Valuation

  Residential

  $1,028,667

  Hospitality

  $942,253

  Educational

  $783,944

  Medical

  $810,905

  Retail

  $1,219,468

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.8013

Longitude

-97.4342

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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