6645 Westworth BlvdWestworth Village, TX 76114

Property Details for 6645 Westworth Blvd

Year built

2019

Lot size

1.09 AC

Property size (Sq ft)

3,170 SF

Property type

Drive through restaurants

APN

46457B-1-6

APU

46457B16

Description

This exceptional investment opportunity presents a 2,685 square foot, free-standing Dairy Queen restaurant in Westworth Village, Texas. Located at 6645 Westworth Blvd, this single-tenant property boasts a prime location in a thriving retail area, conveniently situated near a Walmart and Sam's Club. The property features a 15-year absolute NNN lease with three 5-year renewal options, ensuring a stable, long-term cash flow. Rent increases of 2% annually are built into the lease. Built in 2019, this one-story building sits on a 1.09-acre lot and benefits from a 5.50% cap rate and 100% occupancy. The property's strategic location within a densely populated area with high household incomes provides significant growth potential. The Dallas-Fort Worth metropolitan area's robust economy further enhances the investment's appeal. This is a rare chance to acquire a stabilized, high-performing asset with a nationally recognized tenant, offering a secure and lucrative investment for years to come. The property is zoned commercial and offers a significant return on investment. The sale-leaseback structure minimizes landlord responsibilities, making this an exceptionally attractive opportunity for passive income generation. The property is the sole Dairy Queen location within Westworth Village, ensuring market dominance. The projected household income within a 5-mile radius is expected to surpass $111,000 by 2028, indicating strong future growth prospects. This is a turnkey investment ready for immediate cash flow.

• CAP approach

  CAP return

  Valuation

  6%

  $1,283,780

  6.5%

  $1,185,027

  7%

  $1,100,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,440,845

  Geo Method

  $2,391,647

• Alternative Use

  Use

  Valuation

  Residential

  $999,615

  Hospitality

  $915,642

  Educational

  $761,803

  Medical

  $788,003

  Retail

  $1,185,027

Location Insight

City

Westworth Village

County

Tarrant

State

Texas

Latitude

32.7555

Longitude

-97.4275

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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